Tuesday, April 10, 2012

Singapore stocks close 0.87% lower

SINGAPORE : Stocks in Singapore closed 0.87 per cent lower on Monday on weaker-than-expected US employment data.
According to data released by the Labor Department on Friday, the US economy created 120,000 jobs in March, much lower than the 200,000 forecast by economists
Sentiment was also affected by news that China's consumer price index hit 3.6 per cent in March from 3.2 per cent in February.
The Straits Times Index fell 26.10 points to end at 2,960.10.
Volume was at 1.26 billion shares.
Losers led gainers 289 to 104.
Oversea-Chinese Banking Corp shed 0.79 per cent to S$8.75 while Jardine Cycle and Carriage was down 1.49 per cent to S$48.21.
CapitaMalls Asia lost 1.9 per cent to S$1.565 while CapitaLand shed 1.6 per cent to S$3.01.
Among other stocks, Global Logistic Properties fell 1.9 per cent to S$2.11, Genting Singapore was down 1.2 per cent at S$1.665, while Neptune Orient Lines declined 2.5 per cent to S$1.395.
- CNA/ms

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