- POSTED: 13 Sep 2013 17:52
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In Singapore, shares softened slightly on Friday as investors turned cautious ahead of next week's US Federal Reserve meeting.
SINGAPORE : In Singapore, shares softened slightly on Friday as investors turned cautious ahead of next week's US Federal Reserve meeting.
Many are watching the US central bank for its next move concerning its US$85 billion-a-month bond-buying scheme.
Most investors expect it to begin winding it down this month as the US economy strengthens.
The ST index closed 0.78 point lower at 3,120.3 on a volume of 5.8 billion shares.
In the broader market, there were 182 advances against 277 losing issues.
The weaker overnight close on Wall Street and lacklustre Asian markets also discouraged buying sentiment in the local market.
Among actives, oil and gas services provider Ezra Holdings rose 20 cents to S$1.26 while commodity firm Golden Agri-Resources fell half a cent to 53.5 cents.
Ezra Holdings rose from early dealings on market speculation about a possible takeover.