Singapore share prices closed 0.75 percent down Friday on profit-taking in property and marine-related stocks, dealers said. The Straits Times index dropped 17.46 points to 2,303.24.
Volume traded totalled 974 million shares worth 828 million Singapore dollars (493 million US), down from 1.05 billion shares worth 903 million dollars on Thursday. There were 161 rising issues, 339 losers and 602 issues were even.
After recent gains, investors decided to take profits from their holdings of property and marine-related stocks, dealers said.
"There was profit-taking on sharp moves... on the property and marine stocks, we saw some profit-taking there," a dealer from a foreign brokerage said.
For the property sector, CapitaLand re-treated four cents to 3.34, Keppel Land fell two cents to 4.08 and Wing Tai eased four cents to 1.45. City Developments was unchanged at 9.05.
Among marine-related stocks, Keppel Corp declined 30 cents to 12.20, SembCorp Industries was down seven cents to 2.91 and SembCorp Marine pulled back by five cents to 2.94. Blue chips were mostly sidelined in the absence of fresh leads, dealers said.
Singapore Telecommunications was steady at 2.46, Singapore Airlines flat at 11.60 and ST Engineering was stable at 2.55.
In the banking sector, DBS lost 10 cents to 16.40, United Overseas Bank slipped 10 cents to 14.20 and Oversea-Chinese Banking Corp dropped 15 cents to 6.45.
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