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SINGAPORE: Singapore shares fell 1.10 per cent on Thursday with few fresh factors to draw investor interest, dealers said.
The blue-chip Straits Times Index closed 30.62 points lower at 2,762.22. Volume totalled 1.13 billion shares worth S$1.39 billion (US$1 billion) and there were 158 rising issues, 291 losers while 883 were even.
"The market's very quiet, but I think it can still climb higher going into 2010, bearing in mind we just came out from a global recession," said a dealer at a bank-backed brokerage.
"There will, of course, be ups and downs along the way, but I don't think the pullbacks will be sharp in the near term."
Among bank stocks, DBS fell 32 cents to S$14.76, United Overseas Bank dropped 52 cents to S$19.02 and Oversea-Chinese Banking Corp eased 17 cents to S$8.41.
Singapore Airlines dropped 12 cents to S$13.56 and Singapore Telecommunications was one cent higher at S$2.95.
- AFP/so
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