On 23/Feb, Singapore shares ended lower with many of the region’s banks under selling pressure,

STI ended lower at 2968.34 (0.9%) with regular VOL of 2.18 billion shares traded compared with 2.08 billion shares Wednesday. In the broader market, losers outnumbered gainers 345 to 111. Today STI under heavy selling pressure as investors sell on fear of potential pullback.

Headline in STI

Before market close

Olam International Ltd. (O32.SG) has priced and launched an issue of Singapore dollar-denominated perpetual capital securities to raise S$275 million.

After market close

Singapore Technologies Engineering Ltd. (S63.SG) net profit rose 7.4% in 2011 to S$527.5 million from S$491 million in the previous year.

United Overseas Bank Ltd. (U11.SG) 4Q net profit fell 21% to S$558 million compared with S$706 million a year earlier due to mainly to the absence of one-time gains.

Sembcorp Marine Ltd....