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Roundup: Singapore stocks end down 0.44 pct

Xinhua, December 10, 2015 Adjust font size:

Singapore shares closed 0.44 percent lower on Thursday as most investors waited for the U.S. Federal Reserve's policy decision next Wednesday.

Investors are taking positions in anticipation of the first rise in U.S. interest rates since 2006 when the Federal Reserve concludes its meeting on December 16. Meanwhile, oil prices rebounded after days of losses, with Brent crude future, the international benchmark, staying above 40 U.S. dollars per barrel.

Singapore's benchmark Straits Times Index fell 12.73 points to 2,848.46 points. Trading volume was 1.02 billion shares worth 955 million Singapore dollars. Decliners outnumbered advancers 262 to 114, while 550 stocks did not move.

COSCO Corporation (Singapore) halted trading on Thursday. It issued a profit guidance with respect to the unaudited consolidated financial results of the Company for the fourth quarter and for the full year ending December 31, 2015, saying the results will show a significant net loss as compared to earnings recorded in the corresponding period of the previous financial year.

Singapore Telecommunications rose 1.1 percent to 3.85 Singapore dollars. It has teamed up with GrabTaxi on a mobile wallet for the taxi applications in the region. Through the tie-up, mobile customers of telecom operators such as AIS, Globe and Telkomsel will be able to book vehicles through the GrabTaxi app and pay for rides using their personal mobile wallets. The platform that will make this service possible is expected to be integrated with the GrabTaxi app by mid-2016.

Among the top gainers, Jardine Cycle and Carriage rose 0.9 percent to 34.92 Singapore dollars, whereas Jardine Matheson became one of the top losers by falling 1.6 percent to 48.61 U.S. dollars. (1 U.S. dollar equals to 1.40 Singapore dollars) Endit