Wednesday, December 28, 2011

Shares decline by midday; Midas outperforms

Singapore shares fell by midday on Wednesday as less than encouraging economic data from Japan and South Korea, as well as lingering concerns about the euro zone, outweighed a reading showing improved consumer confidence in the United States.

At 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 0.4%, or 10.36 points, at 2,663.26. Some 221.1 million shares worth $167.1 million were traded, compared with 165 million shares worth $121 million at around the same time on Tuesday.
 

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