Friday, July 27, 2012

Singapore shares end mixed

SINGAPORE - Singapore share prices ended mixed on Friday, as some investors were unwilling to take fresh positions ahead of the weekend.
The blue-chip Straits Times Index (STI) fell 0.2% or 6.08 points to close the day at 2,998.49. But in the broader market, gainers edged out losers 184 to 171. A total of 1.24 billion shares changed hands, fewer than the 1.46 billion on Thursday.
The STI had started on a positive note, buoyed by a statement on Thursday by European Central Bank President Mario Draghi who said the ECB is ready to do whatever it takes to preserve the euro. But the main index fell by midday, dragged by heavy losses in palm oil firm Wilmar International shares.
Wilmar tumbled as much as 6.4% to S$3.21, its lowest level since April 2009, on market talk China has told edible oil suppliers to keep prices stable. The stock ended the day at S$3.28, down 4.4% from the previous day's close.
In contrast, other commodity firms were among the biggest gainers. Olam International rose 2% to S$1.80, Noble Group was up 1% at S$1.045 while Golden Agri-Resources gained 0.7% to end at S$0.715.

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