On 20/Feb, Singapore shares ended higher after China eased policy over the weekend

STI ended higher at 3021.19 (0.7%) with HIGH VOL of 2.21 billion shares traded compared with 1.88 billion shares Thursday. In the broader market, gainers outnumbered losers 233 to 200. Today STI rally is lack of conviction as investors are merely buying up specific stocks.

Headline in STI

Olam International Ltd. (O32.SG) expects to launch its proposed issue of Singapore dollar-denominated perpetual capital securities in the “near future,” and has appointed bankers for the offer.

Oversea-Chinese Banking Corp. (O39.SG) 4Q net profit rose 18% to S$594 million compared with S$505 million a year earlier due to higher net-interest income arising from strong loan growth.

CapitaMalls Asia Ltd. (JS8.SG) wholly owns three shopping malls in Japan, after buying the remaining 73.71% interest in each property from CapitaMalls Japan Fund.

Technical …