Singapore shares down

Singapore share prices closed 0.90 percent lower on Friday in subdued year-end trading, dealers said. The main Straits Times Index closed down 31.38 points at 3,445.82 on volume of 1.21 billion shares worth 1.16 billion dollars (801 million US).
Falling issues edged decliners 376 to 325 with 1,034 unchanged. The bourse's decline after four days of gains was just a "random action" among those investors still left in the market, said Chan Wai Chee, research head at Phillip Securities.
Trading was subdued as most investors were away on extended year-end holidays, dealers said. Property firms were lower, with CapitaLand down 19 cents at 6.21 Singapore dollars, Keppel Land 11 cents lower at 7.28 and City Developments down 18 cents at 13.98.
Blue-chip Singapore Airlines dropped 24 cents to 17.10 but Singapore Telecommunications rose two cents to 3.92. In the banking sector, DBS Group Holdings fell 34 cents to 20.72, United Overseas Bank dropped six cents to 19.72 and Oversea-Chinese Banking Corp fell nine cents to 8.26.