On 22/Feb, Singapore shares ended lower due to heavy selling pressure for commodities trader Wilmar International.

STI ended lower at 2995.59 (1%) with regular VOL of 2.08 billion shares traded compared with 1.88 billion shares Tuesday. In the broader market, losers outnumbered gainers 245 to 176. Today STI fall slightly as investors booked profits following recent gains.

Headline in STI

Before market close

DBS Group Holdings Ltd. (D05.SG) has priced its issue of $1 billion fixed-rate senior notes due 2017.

Wilmar International Ltd. (F34.SG) 4Q net profit rose 56.9% to US$500 million compared with US$318.6 million a year earlier due to improved performances of its oilseeds and grains business, and contributions from its new sugar segment.

After market close

Singapore Airlines Ltd. (C6L.SG) cargo division has reduced freighter capacity by 20% because of high fuel prices and continuing weakness in demand.

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