Tuesday, December 13, 2011

Shares down at midday; SMRT Corp outperforms

Singapore shares fell at midday on Tuesday as investors were spooked by the prospect of sovereign ratings downgrades in the euro zone, but the city-state’s biggest train-operator SMRT Corp outperformed the broader market.

At 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 0.5%, or 13.39 points, at 2,688.33. Some 290 million shares worth $380 million were traded, compared with 309 million shares worth $336 million on Monday.
 

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