On 28/Feb, Singapore shares ended higher on retreat in crude-oil prices.
STI ended higher at 2969.73 (0.8%) with LOW VOL of 1.46 billion shares traded compared with 1.72 billion shares Monday. In the broader market, gainers outnumbered losers 238 to 161. Today STI merely rebound slightly on weak buying pressure and does not serve any conviction.
Headline in STI
Before market close
Wilmar International Ltd. (F34.SG, WLMIY) has bought a 10.1% equity stake in Goodman Fielder Ltd. (GFF.AU) for about A$115 million, making the Singapore-listed commodities firm the biggest shareholder of the Australasian food company.
After market close
Cosco Corp. (Singapore) Ltd. (F83.SG) had secured a total of seven shipbuilding contracts and options with a total contract value of over US$190 million.
Noble Group Ltd. (N21.SG) 4Q net profit fell 57% to US$105.7 million from US$247.4 million a year …