On 28/Oct, Singapore shares ended higher after European leaders announced their latest plan to contain the region’s sovereign-debt crisis.

STI ended higher at 2905.72 (2%) with HIGH VOL of 2.03 billion shares traded compared with 2.32 billion shares Thursday. In the broader market, gainers outnumbered losers 335 to 181. Today STI extend their rally with strong buying pressure though there are already signs of weakness as the index approaches the critical resistance.

Headline in STI

Before market close

Sembcorp Marine Ltd. (S51.SG) has been allowed to deduct its losses from some foreign-exchange transactions for tax purposes that will result in recognition of S$54.4 million in the company’s income statement this year.

Suntec Real Estate Investment Trust (SURVF, T82U.SG) has signed a pact to sell Chijmes, a heritage dining and entertainment property in Singapore’s central business district, for S$177 million.

Ezra Holdings Limited announced a ...