On 24/June, Singapore shares end higher Friday as comments from China’s premier Wen (Jiabao) that Chinese inflation pressures are now under control have seen investors in an optimistic frame of mind

STI ended higher at 3066.85 (0.7%) with LOW VOL of 994 million shares traded compared with 906 million shares Thursday. In the broader market, gainers outnumbered losers 311 to 128. Today STI rally under heavy buying pressure as investors are hopeful that Beijing will not tighten policy any time soon.

Headline in STI

Before market close

Olam International Ltd. (O32.SG) said that they won’t raise the offer price for NZ Farming Systems Uruguay Ltd. (NZS.NZ), a New Zealand-listed dairy farming company which it’s in the process of acquiring.

Neptune Orient Lines (NOL) will lower fuel surcharge on trans-pacific routes effective July 1 which reflects the financial impact of slow-steaming, an industry-wide practice that cuts travelling ...