On 13/Sept, Singapore shares ended lower after losing their gains during the day caused by European markets opened sharply lower.

STI ended lower at 2729.37 (0.5%) with LOW VOL of 0.881 billion shares traded compared with 1.13 billion shares Monday. In the broader market, gainers outnumbered losers 217 to 200. Although STI ended lower today but the market breadth remains positive which affirms that investors are focusing on selling off banks stocks rather than the overall market.

Headline in STI

Before market close

Singapore Technologies Engineering Ltd. (S63.SG) said Patrick Lee, the chief financial officer of one of its U.S. units, was arrested by Singapore’s Corrupt Practices Investigation Bureau on Sept. 8.

DBS Group Holdings Ltd. (DBSDY) aims to more than double the share of group profit generated in China in 10 years, as it extends its presence in the country’s fast-growing banking sector.

...