Monday, March 19, 2012

Singapore stocks end weaker after late sell-off

SINGAPORE: Shares in Singapore closed weaker on Monday after giving up early gains.

Dealers said stocks saw a late sell-off when European markets opened lower.

Investors also paused to reassess the outlook for global economic growth following some downbeat US economic data on Friday.

The Straits Times Index fell 20.59 points, or 0.68 per cent, to end at 2,990.09.

Volume totalled 1.52 billion shares valued at S$1.05 billion.

Losers outnumbered gainers 254 to 153.

Among major declining issues were UOB which dropped 45 cents to S$18.10, and APB and Dairy Farm which lost 40 cents each to S$33.50 and US$10.50 respectively.

Elsewhere, Golden Agri-Resources slipped 1 cent to 74 cents, JES International added 3 cents to 24 cents, while Genting Singapore fell 2 cents to S$1.63.

- CNA/al

View the original article here

Source Form Channel News Asia

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