On 25/Oct, Singapore shares ended higher though investors are reluctant to make any big positions ahead of a European Union leaders meeting.

STI ended higher at 2769.94 (0.3%) with regular VOL of 1.16 billion shares traded compared with 1.26 billion shares Monday. In the broader market, gainers outnumbered losers 221 to 195. Today STI rally is lack of conviction as investors are merely buying specific stocks rather than the overall market.

Headline in STI

Before market close

The board of Proserpine Cooperative Sugar Milling Association Ltd. Said an amended A$115 million takeover offer by Wilmar International Ltd.’s (F34.SG) Sucrogen unit is superior to a A$120 million proposal from Chinese state-owned Cofco Group’s local unit Tully Sugar Ltd.

CapitaMalls Asia Ltd. (JS8.SG) plan to invest CNY3.37 billion (US$529 million) as its share to develop a shopping mall in Suzhou, China.

After market close

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