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Singapore stocks end flat

Shares in Singapore closed little changed on Wednesday, as investors remained cautious following Wall Street's softer close overnight.

SINGAPORE: Shares in Singapore closed little changed on Wednesday.

Dealers said investors traded cautiously as they expect the US Federal Reserve to further trim its bond buying next week.

Wall Street's soft close overnight also dampened sentiment.

The Straits Times Index edged down 0.02 of a point to end at 3,133.74.

Volume totalled 4.05 billion shares valued at S$1.18 billion, with losers leading gainers by 234 to 180.

To reduce volatility, the Singapore Exchange (SGX) said it would bring in circuit breakers for its securities market from February 24.
SGX fell 2 cents to close at S$7.00.

SingTelĀ rose 2 cents to S$3.54, Capitaland gained 1 cent to S$2.90, while Vicom climbed 18 cents to S$5.60.

Banks finished mixed, with DBS dropping 22 cents to S$17.15, UOB edging up 2 cents to S$20.37, whereas OCBC Bank ended 2 cents lower at S$9.65.

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