On 25/Nov, Singapore shares ended lower as investors sell over Europe’s debt crisis.
STI ended lower at 2643.9 (1.2%) with LOW VOL of 1.142 billion shares traded compared with 1.314 billion shares Thursday. In the broader market, losers outnumbered gainers 246 to 93. Today STI continue to undergo selling pressure as the decline gains its momentum.
Headline in STI
Before market close
Global Logistic Properties Ltd. (MC0.SG) has appointed banks to advise on its proposed issuance of Singapore dollar-denominated perpetual capital securities.
After market close
Ascott Residence Trust has bought 60 per cent of Citadines Shinjuku Tokyo from Mitsubishi Estate Co Ltd and Citadines Shinjuku Ippan Shadan Hojin for about S$45.7 million while the balance 40 per cent is held by The Ascott Limited (Ascott).
CDL Hospitality Reit received a rating affirmation of investment grade Long Term Issuer Default Rating of ‘BBB-’ by Fitch …