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Singapore shares closed 0.38 percent lower Friday in subdued trading ahead of the Christmas holidays, dealers said. The blue chip Straits Times Index (STI) shed 10.68 points to 2,802.59 on volume of 1.27 billion shares worth 1.28 billion Singapore dollars (917 million US). There were 232 losers, 188 gainers and 844 issues were unchanged.
The market was winding down for the Christmas holidays, dealers said. Banking shares closed lower. DBS edged down eight cents to 14.80, Oversea-Chinese Banking Corp eased four cents to 8.66 and United Overseas Bank dipped 16 cents to 19.40. Among property shares, CapitaLand fell four cents to 4.11 and Keppel Land closed a cent lower at 3.30. City Developments climbed 60 cents to 11.60. Singapore Telecommunications slid a cent to 3.04 and Singapore Airlines shed 14 cents to 14.14.

Copyright Agence France-Presse, 2009

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