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SINGAPORE - Singapore share prices closed 0.98 per cent weaker on Tuesday as a cautious mood prevailed with no fresh leads to boost the market, dealers said.
The blue-chip Straits Times Index (STI) finished 28.55 points lower at 2,890.66.
Volume traded totalled 824 million shares worth S$855 million and there were 205 rising issues, 286 losers, while 905 issues were unchanged.
Wall Street's weaker finish on Monday weighed on the local market, dealers said.
"The local market was just taking cues from the poor performance in the US," said a local trader.
Najeeb Jarhom, senior vice-president at AmFraser, tipped the STI to trade between 2,750 and 2,950 points in the near term, with investors ready to sell when the market rises.
Among property stocks, CapitaLand fell 12 cents to S$5.75, City Developments dropped 10 cents to S$10.76 and Keppel Land was off two cents at S$4.88.
Commodity-linked stocks bucked the downward trend, with Olam International up two cents at S$2.17 and Noble Group gaining one cent to S$2.11.
For the banks, DBS eased two cents to S$19.16, United Overseas Bank retreated 28 cents to S$18.72 and Oversea-Chinese Banking Corp was off four cents at S$8.25.
- AFP/ir
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