Singapore share prices closed 2.65 percent lower Wednesday, mirroring regional losses on fears soaring oil prices could slow the US economy, dealers said. The main Straits Times Index slumped 91.07 points to 3,347.20 on volume of 1.83 billion shares worth 2.18 billion Singapore dollars (1.51 billion US) and there were 176 winners, 677 losers while 845 issues were even.
All three local banks finished weaker led by DBS Group which fell 40 cents to 19.20 dollars, United Overseas Bank by 60 cents to 19 dollars and Oversea-Chinese Banking Corp by 15 cents to 8.25 dollars.
For the blue chips, Singapore Airlines retreated 40 cents to 17.50 dollars, Singapore Telecommunications eased six cents to 3.72 dollars and Neptune Orient Lines gave up 40 cents to 4.08 dollars. In the property sector, CapitaLand lost 20 cents to 6.50 dollars, City Developments dropped 60 cents to 13.50 dollars and Keppel Land fell 40 cents to 7.55 dollars.
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