On 02/Aug, Singapore shares ended lower as weak U.S data overnight cut short a relief rally on the U.S. debt-ceiling deal.

STI ended lower at 3177.09 (1.2%) with HIGH VOL of 1.63 billion shares traded compared with 1.46 billion shares Monday. In the broader market, losers outnumbered gainers 428 to 123. Today STI undergo heavy selling pressure as investors dump their stocks for safety.

Headline in STI

Before market close

Sembcorp Marine has signed two turnkey contracts worth US$444 million to build two jackup rigs for Noble Corp.

After market close

Singapore Exchange Ltd. (S68.SG) 4Q net profit fell slightly to S$79.5 million compared with S$79.6 million a year earlier due to decline in revenue from the securities business.

Singapore Technologies Engineering Ltd. (S63.SG) 2Q net profit rose 5% to S$130.5 million compared with S$123.9 million a year ...