Singapore shares slipped by midday as investors turned more cautious ahead of the finalisation of a Greek debt swap deal and weaker-than-expected U.S. economic growth weighed on Asian markets.
Investors shifted to small-cap firms including Yoma Strategic Holdings and cut their positions in large-cap stocks such as Olam International, which have outperformed the broader market so far this year.
By 1:00 a.m. on Monday, the Straits Times Index was 0.61%, or 17.86 points, lower at 2,898.40. Around 878 million shares worth $568.9 million were traded, down from 956 million shares worth $703.4 million at the same time on Friday.
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