Posted: 16 August 2010 1814 hrs
SGX Centre
SINGAPORE : Singapore stocks ended softer on Monday after investors turned cautious over the weak US economic outlook.
Traders said news of a slowdown in Japanese economic growth also weighed on the market.
The Japanese government said on Monday the economy grew an annualised 0.4 percent in the June quarter, from a revised 4.4 percent in the previous three months.
The ST index fell 6.46 points to 2,933.51 on a volume of 1,850 million shares.
There were 144 gainers compared to 349 rises by the close of dealings.
With the earnings season drawing to a close, analysts said markets are likely to focus now on economic data.
Shares of property companies fell on concerns that authorities may follow moves by the Hong Kong government to cool property prices in the Chinese territory.
On Friday, the Hong Kong government tightened mortgage lending for bigger flats as their prices headed for historic highs, fuelling asset bubbles.
Among active counters, Singapore Airlines was up 1.91 percent at S$15.98 while Singapore Telecom eased 2.63 percent to S$2.96. - CNA/ch
No comments:
Post a Comment