Singapore shares close 1.1% down on Friday in broad market selloff
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SINGAPORE stocks ended 1.1 per cent lower on Friday, with the Straits Times Index retreating 38.66 points to 3,377.24.
About 2.54 billion shares worth S$1.96 billion in total changed hands, which worked out to an average unit price of S$0.77 per share.
Continued volatility in the market, including a plunge in China stocks and the previous night's 4 per cent drop in US stocks, weighed the index down.
Strong buying sentiment for DBS, however, meant that while it fell to as low as S$25.92, it eventually ended trading unchanged at S$26.71.
Losers outnumbered gainers 448 to 85, or about five down for every one up.
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