Singapore shares close 0.1 per cent down on Wednesday

SINGAPORE stocks finished 0.1 per cent lower on Wednesday, with the Straits Times Index (STI) losing 2.22 points to 2,858.01.

The blue chip index slipped a little on the day that the Opec oil cartel and Russia are scheduled to meet in Algeria to discuss a global oil glut.

The broad market was slightly better though. Gainers outnumbered losers 198 to 148, or about four up for every three down.

About 1.23 billion shares worth S$692.8 million in total changed hands, which worked out to an average unit price of S$0.57 per share.

The most actively traded counter was Noble Group, which rose S$0.01 to S$0.151 with 257.2 million shares changing hands. Other actives included Ezra Holdings and Alliance Mineral Assets.