On 05/July, Singapore shares end lower as investors took profit over fresh concerns on Chinese tightening measures.

STI ended lower at 3129.69 (0.8%) with regular VOL of 1.09 billion shares traded compared with 1.33 billion shares Monday. In the broader market, losers outnumbered gainers 308 to 146. Today STI undergo heavy selling pressure as investors are fearful of the resistance at 3180 and choose to en-cash for safety.

Headline in STI

Before market close

Hyflux Ltd. (600.SG) has secured financing of S$150 million ($122.4 million) for the construction of a desalination facility that is part of a S$890 million Tuaspring desalination plant project.

SingPost has acquired a 20 per cent stake in Shenzhen 4PX Express Co for RMB60 million (S$12 million).

After market close

Aviation regulators expected to decide within 48 hours whether to keep budget airline Tiger grounded beyond the weekend over safety ...