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Singapore stocks close steady

Share prices in Singapore closed steady on Friday, with no clear leads from regional markets or US stocks, which ended mixed.

SINGAPORE: Share prices in Singapore closed steady on Friday in cautious trading.

Dealers said there was no clear leads from regional markets or US stocks, which ended mixed.

Meanwhile, Chinese inflation data raised concerns about the risk of deflation in the economy, but also opened the door to possible stimulus measures from the government.

The Straits Times Index edged up 4.44 points, or 0.14 per cent, to end at 3,252.13.

However, on the broader market, declining issues led advancers by 235 to 153.

Volume amounted to 1.67 billion shares worth S$1.11 billion.

Gains in the STI were led by UOB which rose 45 cents to S$22.45. DBS edged up 3 cents to S$17.08, and OCBC Bank finished unchanged at S$9.75.

SingTel added 2 cents to S$3.83, whereas Wilmar fell 13 cents to S$3.21, and CapitaLand dropped 3 cents to S$3.07. 

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