On 12/Oct, Singapore shares ended higher boosted on hopes that China may gradually loosen tight monetary policy.

STI ended higher at 2737.75 (1.7%) with LOW VOL of 1.36 billion shares traded compared with 1.5 billion shares Tuesday. In the broader market, gainers outnumbered losers 316 to 142. Today STI continue to rally with strong buying pressure though there are already signs of weakening.

Headline in STI

Before market close

Swiber Holdings Ltd. (AK3.SG) has secured two offshore construction contracts worth a total of about US$102 million.

DBS Bank Ltd has updated its US$10 billion debt programme to a US$15 billion global medium term note programme.

After market close

Singapore Press Holdings Ltd. (T39.SG) net profit for the fiscal year ending August fell 22% on year to S$388.6 million compared with S$497.9 million a year earlier due to S$154.2 million profit from ...