Singapore Shares End Higher. STI Jumps 0.3%; UOL up 3%; YZJ Shipbldg, CapLand India T, iFast, StarHub up around 2%; Keppel Reit up 1%; Hong Leong Asia, Sheng Siong, Wilmar Intl down over 1%.

MT Newswires12-02

Singapore shares continued to remain in green on Tuesday, tracking regional gains as chances of the US Federal Reserve cutting down interest rates amid weak economic data, continue to grow.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,524.67 and 4,539.72 throughout the day. It ended the session at 4,537.96, up 11.74 points or 0.3% compared to Monday's close.

UOL up 3%; YZJ Shipbldg, CapLand India T, iFast, StarHub up around 2%; Keppel Reit up 1%; Hong Leong Asia, Sheng Siong, Wilmar Intl down over 1%.

In company news, shares of GDS Global surged over 20% at the close as it agreed to acquire shares in Asiabuild Metal Engineering and Integrated Aluminium for SG$30 million.

City Developments was up over 1% as its subsidiary, Copthorne Hotel, completed the acquisition of Holiday Inn London at Kensington High Street for 280 million pounds.

Meanwhile, shares of Cordlife slumped nearly 7% as the company received a letter from Singapore's Ministry of Health, directing it to cease collection, testing, processing and storage of CBUs from infant donors from Nov. 26.

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