On 16/Dec, Singapore shares ended higher on strong U.S. economic data.

STI ended higher at 2659.22 (0.9%) with LOW VOL of 898.1 million shares traded compared with 717.5 million shares Thursday. In the broader market, gainers outnumbered losers 155 to 141. Today STI rally is lack of conviction as investors are merely buying up specific bargain stocks instead of the overall market.

Headline in STI

Before market close

DBS Group Holdings Ltd. (D05.SG) has established a US$5 billion U.S. commercial paper program, and will use net proceeds from it to fund its general business purposes.

After market close

Sound Global Ltd announced that Hunan Epure Environmental Engineering Co Ltd, has been incorporated by its wholly-owned subsidiaries, Beijing Sound Environmental Engineering Co Ltd and Beijing Epure International Water Co Ltd.

AusGroup Limited has purchased assets and operations of Singapore-based Subsea Pressure Controls Pte Ltd ...