On 24/Oct, Singapore shares ended higher boosted by positive data which pointed to an improvement in China manufacturing activity.

STI ended higher at 2760.95 (1.8%) with regular VOL of 1.26 billion shares traded compared with 0.93 billion shares Friday. In the broader market, gainers outnumbered losers 344 to 123. There are strong buying pressure today as investors regain confidence on global economy due to preliminary HSBC China Manufacturing Purchasing Managers Index for October that indicated an expansion of nationwide activity, compared with September’s final reading that showed a contraction.

Headline in STI

Before market close

Swiber Holdings Ltd. (AK3.SG) plans a convertible preference shares issue but didn’t give any details of the proposed sale.

After market close

ST Engineering has completed the divestment of PM-B Indonesia for a cash consideration of S$470,000.

Olam International Limited has acquired the spice assets and businesses of Vallabhdas Kanji ...