On 17/Jan, Singapore shares ended higher after Chinese economic expansion beat estimates in the fourth quarter.

STI ended higher at 2815.85 (2.2%) with HIGH VOL of 1.34 billion shares traded compared with 730 million shares Monday. In the broader market, gainers outnumbered losers 292 to 87. Today STI undergo heavy buying pressure boosted by positive data from China.

Headline in STI

After market close

Sembcorp Marine is considering buying the 50.75 per cent stake in STX OSV Holdings Ltd.

City Developments Ltd. (C09.SG) unit Sunmaster Holdings Pte. Ltd. and Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. have jointly acquired a land parcel in Singapore worth S$388.1 million which they will develop into a residential property .

Yangzijiang Shipbuilding (Holdings) Ltd had entered into a joint venture agreement with a unit of German shipping firm Peter Dohle Shiffahrts-KG to set up four ship-owning companies.

...