Singapore share prices closed 0.73 percent lower on Monday following falls in Hong Kong and mainland China that weakened sentiment, dealers said. The blue chip Straits Times Index declined 20.52 points to 2,776.98 on volume of 948 million shares worth 1.09 billion dollars (772 million US). There were 371 falling issues, 157 risers and 866 unchanged counters.
Chinese share prices slumped 5.34 percent Monday, reflecting worries about an economic slowdown and surging stock supply, dealers said. The fall sent Hong Kong shares 1.09 percent lower and hit sentiment further afield as well, dealers said. Property firm CapitaLand was a key loser, down 23 cents at 4.71.
City Developments also fell, ending four cents lower at 10.14, but Keppel Land closed five cents higher at 4.18. In the banking sector, DBS closed 20 cents lower at 18.40 and UOB was down 50 cents at 19.30. OCBC rose two cents to 8.25. Shipping firm Neptune Orient Lines finished seven cents lower at 2.56.