STI closes 1.2% lower
Investors locked in profits from recent gains in select blue chips and property stocks. -AFP
SINGAPORE share prices closed 1.2 per cent lower in cautious trading on Thursday as investors locked in profits from recent gains in select blue chips and property stocks, dealers said.
Most investors were on the sidelines amid lingering concerns over further fallout from the US subprime credit crisis, they said.
The Straits Times Index fell 41.90 points to settle at 3,552.46, after briefly touching a high of 3,607.27 in morning trade. -- AFP
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