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Roundup: Singapore stocks end down 0.33 pct

Xinhua, February 17, 2015 Adjust font size:

Singapore shares closed 0.33 percent lower on Tuesday, after talks between Greece and Euro-zone

finance ministers broke down as Athens rejected a proposal to request a six-month extension of its international bailout program.

Without support from creditors, the Greek government and banks would face a looming euro cash crunch, possibly paving the way for Greece to become the first country to ditch euro and re-introduce its own currency.

Meanwhile, investors also turned cautious after data published by China's National Bureau of Statistics showed prices of new- build mainland homes fell year-on-year in 69 cities out of 70 surveyed during January, compared to 68 in December.

However, on a month-on-month basis, prices fell in just 64 cities, compared with 66 in December, indicating the real-estate market of the world's second-largest economy may be stabilizing.

Voyage Research said "the Straits Times Index still trade at the range between 3,400 points and 3,450 points. However, since traders will most likely be on leave starting from today onwards, perhaps a muted scene will be seen over the next two days."

Singapore's benchmark Straits Times Index fell 11.25 points to 3,415.91 points. Trading volume was merely 955 million shares worth 935.8 million Singapore dollars. Decliners outnumbered advancers 227 to 175, while 534 stocks did not move.

CapitaLand Limited rose 1.1 percent to 3.63 Singapore dollars. It reported a 187 percent leap in fourth-quarter profit after tax and minority interest to 409.4 million Singapore dollars from 142. 6 million a year ago, thanks to higher revaluation gains from investment properties and lower portfolio losses. Its quarterly revenue also rose 67 percent to 1.52 billion Singapore dollars.

800 Super Holdings rose 1.1 percent to 45.5 Singapore cents. It announced that it has been awarded a sizable contract from the Singapore government to provide cleaning and horticultural services for the east and west regions of Singapore at an aggregate contract value of approximately 38.6 million Singapore dollars.

Among the top gainers, Jardine Matheson rose 0.6 percent to 66. 39 U.S. dollars, whereas Jardine Cycle and Carriage became one of the top losers by falling 1.4 percent to 42.03 Singapore dollars. (1 U.S. dollar equals to 1.36 Singapore dollars) Endi