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Singapore shares end lower

Singapore share prices closed down 0.2 per cent, paring early gains and extending their fall to a fifth session.

SINGAPORE: Singapore share prices closed down 0.2 per cent on Wednesday, paring early gains and extending their fall to a fifth session.

Markets around the world have been sent into a tailspin in recent days following worse than expected manufacturing activity data from China and the United States, suggesting softness in the global economy.

The blue-chip Straits Times Index (STI) ended 5.71 points lower at 2,960.09 on Wednesday. In the broader market, losers beat gainers 235 to 176. Overall volume traded was 1.87 billion shares worth S$1.15 billion.

Among the banks, DBS fell 0.8% to S$16.17, UOB retreated 0.2% to S$19.47 but OCBC edged up 0.1% to S$9.10.

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