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SINGAPORE: Singapore shares closed 1.39 per cent lower on Thursday in jittery trading ahead of US jobs data, dealers said.
The Straits Times Index ended down 38.28 points at 2,713.47. Volume was 858.9 million shares. Losers led gainers 366 to 154.
"Everyone is now trading on the back of fear. Right now, it's all about capital preservation," a dealer told Dow Jones Newswires.
The United States was to issue initial jobless data for August later on Thursday, shedding further light on the health of the struggling US economy.
Singapore Airlines fell 20 cents to S$15.00, Neptune Orient Lines was down 12 cents at S$2.37 and Keppel Corp dropped eight cents to S$10.28. Singapore Telecommunications dipped five cents to S$3.41.
Among the banks, DBS eased 24 cents to S$17.72, United Overseas Bank declined 20 cents to S$19.00 and Oversea-Chinese Banking Corp lost eight cents to S$8.10.
Property counters were mostly lower. Keppel Land was a key loser, pulling back 17 cents to S$3.86, while CapitaLand retreated 11 cents to S$4.48. City Developments added six cents to S$10.20.
City Developments on Thursday inked a deal with Malaysian financial group CIMB in a bid to raise S$1 billion through the issuing of Islamic bonds. City Developments hopes to have the first tranche of the issue on the market by the end of the year. - AFP/ms
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