- POSTED: 10 Dec 2013 18:08
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Singapore share prices ended 1.03% lower on Tuesday, in line with their Asian peers.
SINGAPORE: Singapore share prices ended 1.03% lower on Tuesday, in line with their Asian peers.
Asian stocks fell after a top official at the US Federal Reserve said the bank might announce a small cut in its stimulus programme next week.
Singapore's blue-chip Straits Times Index (STI) slumped 31.92 points to end at 3,081.72.
In the broader market, 1.82 billion shares valued at S$1.38 billion changed hands. Losers overwhelmed gainers 255 to 139.
Blumont Group was among the most-traded stocks, with 139.8 million shares changing hands. Blumont shares shot up 57 percent in the previous trading session, but plunged 8.8% on Tuesday to end at S$0.093.
Meanwhile Thai Beverage shares plunged 4.21% to end at S$0.455, after rating agency Standard & Poor's downgraded the company's debt to junk status.
S&P cut its long-term corporate credit rating on the company to "BB+', below investment grade, with a stable outlook, the rating agency said in a statement.