On 24/April, Singapore shares ended higher after Monday’s sharp decline amid lingering worries about European economic conditions.

STI ended higher at 2974.37 (0.4%) with HIGH VOL of 5.12 billion shares traded compared with 3.61 billion shares Monday. In the broader market, gainers outnumbered losers 297 to 129. Today STI rally under strong buying pressure as investors buy on mild rebound.

Headline in STI

Before market close

Frasers Commercial Trust (ND8U.SG) had entered an agreement to sell its KeyPoint property for S$360 million (US$288.5 million).

Vietnamese authorities have awarded an investment license to Sembcorp Industries Ltd. (U96.SG) to build a coal-fired power plant in Quang Ngai province.

After market close

Suntec Real Estate Investment Trust (T82U.SG) 1Q distribution per unit rose 2.7% to 2.453 Singapore cents compared with 2.388 Singapore cents a year earlier as higher contribution from office assets …