On 10/Nov, Singapore shares ended lower as fears heighten by a surge in Italy’s borrowing costs to record highs, deepening Europe’s debt crisis.
STI ended lower at 2786.90 (2.5%) with regular VOL of 1.72 billion shares traded compared with 1.45 billion shares Wednesday. In the broader market, losers outnumbered gainers 419 to 106. Today STI undergo very heavy selling pressure as investors panic selling on Euro zone crisis.
Headline in STI
Before market close
Singapore Telecommunications Ltd. (SGAPY, Z74.SG) 2Q net profit fell 1.2% to S$882 million compared with S$892 million a year earlier due to lower contributions from its Indian associate.
After market close
Global Logistic Properties Ltd. (MC0.SG) 2Q net profit more than doubled to US$200.7 million compared with US$85.4 million due to higher contributions from its China operations and currency conversion gains.
City Developments Ltd. (C09.SG) 3Q …