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Roundup: Singapore stocks end down 0.92 pct

Xinhua, June 15, 2015 Adjust font size:

Singapore shares closed 0.92 percent lower on Monday, as talks between Greece and its European creditors collapsed over the weekend, heightening worries about the country's possible exit from the euro currency bloc.

Investors will also have an eye on a two-day U.S. Federal Reserve policy meeting starting Tuesday, although rate increases are not expected until a meeting in September.

Meanwhile, a sell-off in Chinese shares amid reports of a fresh tightening in margin financing as well as a tidal wave of initial public offerings also hit investors' sentiment.

DBS Group Research said "the Singapore market has to climb a ' wall of worries' towards its year-end objective over the next few months. Some of these are short-term term in nature. These uncertainties include shifts to U.S. rate hike timing, concerns over Greece's ability to repay its debt and a potential pullback in the China A-share market."

Singapore's benchmark Straits Times Index fell 30.72 points to 3,323.13 points. Trading volume was 1.05 billion shares worth 937 million Singapore dollars. Decliners outnumbered advancers 305 to 127, while 530 stocks did not move.

Among to actives, Noble Group rose 5.1 percent to 72 Singapore cents. The commodities supplier says it has bought back 25 million of its own shares for 16.9 million Singapore dollars from the market at 67.28 Singapore cents per share on Friday. The company had bought another 25 million shares on Thursday as it sought to stem a slide in its share price, which fell to a six-year low earlier this month amid questions about its accounting practices.

Mapletree Greater China Commercial Trust fell 1.9 percent to 1. 02 Singapore dollars. It announced the acquisition of a property located at Zhangjiang Hi-tech Park, Pudong New Area, Shanghai. The purchase consideration for the acquisition is 1.89 billion Chinese yuan.

Among top gainers, Dairy Farm International rose 0.9 percent to 8.56 U.S. dollars, while Jardine Matheson became one of the top losers by falling 1.4 percent to 57.10 U.S. dollars. (1 U.S. dollar equals to 6.209 Chinese yuan and 0.891 Euros and 1.35 Singapore dollars) Endi