On 27/April, Singapore shares ended flat as renewed concerns over Europe in the wake of a downgrade of Spanish debt offset the Bank of Japan’s announcement of fresh easing measures.

STI ended higher at 2981.58 (0%) with HIGH VOL of 3.34 billion shares traded compared with 3.58 billion shares Thursday. In the broader market, losers outnumbered gainers 310 to 121. Today STI undergo heavy selling pressure as investors took profit over the weekend ahead.

Headline in STI

Before market close

DBS Group Holdings Ltd. (D05.SG) 1Q net profit rise 16% to S$933 million compared with S$807 million a year earlier on the back of continued loan growth as well as strong performance in its non interest income.

Singapore Telecommunications Ltd. (SGAPY) had sold its entire 3.98% stake in Taiwan’s Far EasTone Telecommunications Co. (4904.TW), raising approximately NT$8.03 billion (S$339 million).

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