On 29/Feb, Singapore shares ended higher on recent pullback in oil prices.

STI ended higher at 2994.06 (0.8%) with LOW VOL of 1.81 billion shares traded compared with 1.46 billion shares Tuesday. In the broader market, gainers outnumbered losers 205 to 197. Today STI buying pressure continue to be weak as investors are merely buying specific stocks.

Headline in STI

Before market close

City Developments Ltd. (C09.SG) 4Q net profit fell 32.3% to S$163.2 million compared with S$241 million a year ago due to lower contribution from rental properties on the absence of one-time gains.

After market close

Jardine Cycle & Carriage Limited (CO7.SG) reported a 7% rise in full year profit to $3,026.1 million compared with $2,827.4 million a year earlier.

Indofood Agri Resources Ltd. (5JS.SG) report that crude palm oil prices will likely hold above MYR3,000 a ...