Singapore share prices closed 0.37 percent lower Friday on profit-taking following Wall Street's decline, dealers said. The Straits Times Index closed down 13.11 points at 3,512.40, after Thursday's record finish at 3,525.51. Volume traded was 2.48 billion shares worth 1.92 billion dollars (1.27 billion US). Losers edged out gainers 368 to 366, with 715 stocks unchanged.
Dealers also said emerging concerns about slower domestic economic growth also weighed on sentiment. Among blue chips, Singapore Telecommunications was unchanged at 3.48, Singapore Airlines was down 0.10 at 18.30, Singapore Press Holdings fell 0.02 to 4.48 and ST Engineering was flat at 3.58.
Property stocks were mixed, with City Developments down 0.30 at 16.90, CapitaLand down 0.05 at 8.20 while Keppel Land rose 0.10 to 9.40. Among banks, DBS Group Holdings was down 0.20 at 23.80, United Overseas Bank was up 0.20 at 23.40 and Oversea-Chinese Banking Corp was unchanged at 9.45. Among technology stocks, Creative Technology was up 0.15 at 8.35, Chartered Semiconductor rose 0.02 to 1.34 and Venture Corp was unchanged at 15.60. Neptune Orient Lines extended its gains, rising 0.10 to 3.88. Genting International was up 0.005 to 0.945 and Thai Beverage gained 0.005 to 0.275.
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