On 05/Mar, Singapore shares ended lower after China issued a lower economic growth forecast for this year

STI ended lower at 2991.80 (0.06%) with LOW VOL of 1.41 billion shares traded compared with 1.31 billion shares Friday. In the broader market, losers outnumbered gainers 275 to 142. Today STI undergo heavy profit taking as investors prefer to sidelined ahead for the US Feb job report.

Headline in STI

Before market close

Singapore Telecommunications Ltd. (SGAPY, Z74.SG) plan to acquire U.S.-based Amobee Inc., a provider of mobile advertising solutions, for about US$321 million–the company’s first major acquisition since 2007.

Ezra Holdings Ltd. (5DN.SG) subsea construction division, EMAS AMC, has won a contract from Statoil (STL.OS) worth about US$55 million.

After market close

Temasek Holdings Pte. Ltd. plans to sell a 3% stake in rig builder Sembcorp Marine Ltd. (S51.SG), in ...