Singapore share prices down early Wednesday
Posted: 10 February 2010 0917 hrs

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SINGAPORE: The key Straits Times Index fell 5.93 points to 2739.09 within minutes of trading on Wednesday, after gaining 51.40 points on Tuesday.

Singapore shares closed higher on Tuesday on bargain-hunting in selected blue chips amid expectations of strong earnings results.

Moreover, on Tuesday, Singapore Telecommunications' strong third-quarter earnings helped boost the index. OCBC and UOB rose on expectations of healthy fourth-quarter earnings after DBS last week announced a stronger-than-expected fourth-quarter net profit. There was also bargain-hunting in property and commodity stocks.

- CNA/sc