Singapore shares look set to fall for a second straight day on Thursday in trading dominated by smaller cap stocks such as cord blood and tissue banking firm Cordlife Group and subsea services provider Kreuz Holdings.
The Straits Times Index was down 0.25%, or 7.56 points, at 3,008.42 at midday. Big-cap losers included United Overseas Bank and casino operator Genting Singapore.
Cordlife shares surged as much as 28% above its IPO price of $0.495 in its trading debut in Singapore. Kreuz, on the other hand, fell 8% after a share placement. They were the top two traded stocks by both value and volume.
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