On 10/May, Singapore shares ended flat after disappointing China trade data.
STI ended flat at 2903.60 (0.09%) with regular VOL of 2.00 billion shares traded compared with 1.71 billion shares Wednesday. In the broader market, losers outnumbered gainers 253 to 146. Today STI continue to undergo profit taking as investors move their money back into safe-haven assets.
Headline in STI
Before market close
Wilmar International Ltd. (F34.SG, WLMIY) 1Q net profit fell 34% to US$255.9 million compared with US$386.7 million a year earlier as margins in the commodity supplier’s oilseeds and grains business were squeezed.
Singapore Telecommunications Ltd. (Z74.SG, SGAPY) 4Q net profit rise 30% to S$1.29 billion compared with S$991.7 million a year earlier as contributions from some of its regional mobile associates rose and it logged currency-translation gains from the strength of the Australian dollar.
After market close