On 03/May, Singapore shares ended lower after disappointing data from Europe and the U.S. revived concerns about the global economic outlook.

STI ended lower at 3000.94 (0.2%) with HIGH VOL of 3 billion shares traded compared with 3.29 billion shares Wednesday. In the broader market, losers outnumbered gainers 230 to 165. Today STI undergo profit taking as traders are unwilling to buy higher especially the index is near the critical resistance.

Headline in STI

After market close

Oversea-Chinese Banking Corp. Ltd. (O39.SG) has increased the size of its U.S. commercial paper program to US$10 billion from US$5 billion.

CapitaMall Trust (C38U.SG) plan to sell its Hougang Plaza shopping mall for S$119.1 million to a unit of property developer Oxley Holdings Ltd. (5SC.SG)

Ascendas Real Estate Investment Trust (A17U.SG) has priced a private placement at S$1.99 per new unit–the lower ...