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Roundup: Singapore stocks end down 0.34 pct

Xinhua, June 5, 2015 Adjust font size:

Singapore shares closed 0.34 percent lower on Friday, as investors waited anxiously for U.S. May jobs data.

Market in average forecast U.S. payrolls last month to rise 225, 000 with the jobless rate steady at 5.4 percent. The data will determine when the Federal Reserve will start hiking interest rate.

Meanwhile, cash-strapped Greece delayed a debt payment to the International Monetary Fund and instead chose to bundle four payments into a single 1.6 billion euro lump sum which is now due on June 30. Greek Prime Minister Alexis Tsipras will put creditors ' proposals to parliament from later Friday, but he has already dubbed the plan "extreme."

Singapore's benchmark Straits Times Index fell 11.33 points to 3,333.67 points. Trading volume was 1.28 billion shares worth 1.18 billion Singapore dollars. Decliners outnumbered advancers 275 to 158, while 227 stocks did not move.

Q&M Dental Group plunged 9.6 percent to 85 Singapore cents. It has entered into a non-binding letter of intent (LOI) with the Liaoning Medical University (LMU) and the LMU Stomatology Hospital Number Two for a possible partnership to corporatize and privately run the LMU Stomatology Hospital Number Two, and the entire Stomatology faculty arm of the Medical department in LMU.

YuuZoo Corporation fell 3.4 percent to 28.5 Singapore cents. It has formed a new joint venture company in China with XG AMA, a leading provider and organizer of e-sport events and related gaming activities through internet gaming bars and cafes in China. The joint venture company, YuuGames, will target the over 146,000 internet gaming bars in China which serve some 120 million game players. XG AMA already has existing agreements with over 3,000 net bars in place.

Among top gainers, Jardine Strategic rose 0.9 percent to 32.69 U.S. dollars, while Jardine Cycle and Carriage became one of the top losers by falling 1.1 percent to 37.33 Singapore dollars. (1 U. S. dollar equals to 0.888 euros and 1.35 Singapore dollars) Endi