Roundup: Singapore stocks end down 0.11 pct

Singapore shares closed 0.11 percent lower on Friday as U.S. stocks fell on disappointing earnings by U.S. corporate giants Caterpillar Incorporated and 3M Company.

U.S. technology stocks of Microsoft, Apple and Yahoo had also led Wall Street lower earlier in the week amid weak earnings.

Singapore's benchmark Straits Times Index fell 3.72 points to 3, 352.65 points. Trading volume was 1.68 billion shares worth 959 million Singapore dollars. Decliners outnumbered advancers 269 to 183, while 499 stocks did not move.

Global Logistic Properties Limited rose 0.8 percent to 2.54 Singapore dollars. It has signed new agreements totaling 81,000 square meters with five industry leaders in China including Best Logistics and Jumei.

Robust growth of consumer goods, e-commerce and third-party logistics service is driving demand for Global Logistic Properties ' modern logistics facilities.

Keppel Corporation shed 0.5 percent to 8.12 Singapore dollars.

The world's biggest offshore drilling rigs builder reported its second quarter net profit declined 2.3 percent on-year to 396.7 million Singapore dollars and revenue fell 19.3 percent to 2.56 billion Singapore dollars.

However, it expected to see an acceleration in the replacement cycle for aging rigs, as it estimated that 94 jack-up rigs and 27 floating rigs around the world are more than 30 years old. Keppel also maintained its interim dividend payout at 12 Singapore cents per share.

Among top gainers, Singapore Airlines rose 1.8 percent to 11.63 Singapore dollars, while Jardine Matheson became one of the top losers by falling 1.5 percent to 55.17 U.S. dollars. (1 U.S. dollar equals 1.37 Singapore dollars) Endi