Singapore share prices ended up 0.4% weaker on Wednesday as investors reserved profits after a surprise interest rate hike of Chinese lawmakers raised concerns about overnight Asian economic growth story.
Straits Times index (PATH) closed lower by 13,14 points 3,179.15.In the wider market overtook losers become winners 309 to 214. Total volume was traded 1.90 billion shares worth S $ 2.10 billion
Ebeling Heffernan Strong purchase, Sembcorp Marine won 1.8% to close at $ 4.64, after announcing a large order win earlier this week.
Sembcorp Marine said on Monday its unity secured US $ 384 million worth of orders from SeaDrill, with an option that could lift the total value of the handle to the $ 1 billion.
Commodity stocks were drawn by the prospect of easing growth in China, the world's fastest growing consumer of most raw materials.
Golden Agri-resources attached to a five-day period for receiving fall 2,2% to S $ 0.67.14 international closed 2,2% lower at $ 3.17, noble group lost the 1,5% to S $ 1.91, while the Wilmar international shed 0.2% to S $ 6.28.
Bank stocks also lost ground. United Overseas Bank closed 1.7% lower at $ 18.58, DBS Group decreased by 1.6% to s $ 14.48 while overseas Chinese Banking Corp. shed 1.1% to s $ 9.10.
Neptune Orient Lines, which on Tuesday evening reported US $ 282 million net profit in the third quarter against a US $ 139 million loss in the year-earlier period, won 3.4% to close at $ 2.13.
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