On 26/April, Singapore shares ended higher as the Federal Reserve left the door open for more stimulus measures ahead.

STI ended higher at 2981.47 (0.06%) with HIGH VOL of 3.58 billion shares traded compared with 6.69 billion shares Wednesday. In the broader market, losers outnumbered gainers 268 to 148. Today STI undergo heavy profit taking as investors mainly buy onto the heavily weighted stocks to held up the index.

Headline in STI

Before market close

Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) 1Q net profit rose 7% to CNY1.0 billion compared with CNY954.9 million a year earlier helped by higher revenue recognition from the delivery of shipbuilding contracts.

After market close

Singapore Telecommunications Ltd. (Z74.SG) is selling its 129.6 million shares in Taiwan’s Far EasTone Telecommunications Co. Ltd. (4904.TW) in a block trade that could raise as much ...