Channel NewsAsia

Singapore shares end weaker in line with regional markets

Shares in Singapore ended weaker on Thursday in line with regional markets, with sentiment weighed down by overnight losses on Wall Street, and gloomy China manufacturing data and Japan trade figures.

SINGAPORE: Shares in Singapore ended weaker on Thursday in line with regional markets.

Traders said sentiment was weighed down by overnight losses on Wall Street, and gloomy China manufacturing data and Japan trade figures.

HSBC's preliminary reading for its purchasing managers' index (PMI), which tracks manufacturing activity in China's factories, contracted in February to its lowest level in seven months.

Japan also recorded its worst-ever trade deficit in January.

The Straits Times Index fell 2.15 points, or 0.07 per cent, to close at 3,086.64.

Volume totalled 1.61 billion shares valued at S$928 million. Losers outnumbered gainers 225 to 183.

Banks finished mixed, with DBS rising 6 cents to S$16.62, UOB adding 10 cents to S$20.70, and OCBC Bank falling 2 cents to S$9.58.

SingTel closed unchanged at S$3.58, Wilmar climbed 5 cents to S$3.36, while Noble Group gained 4 cents to S$1.025.

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