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Singapore shares close 1.1% lower on Wednesday

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THE uncertainty lurking ahead for the global economy after an unexpected victory by Republican candidate Donald Trump in the US presidential election sent traders scrambling on Wednesday and took a toll on local shares.

Amid heavy trading, Singapore stocks finished 1.1 per cent lower, with the benchmark Straits Times Index losing 30.36 points to 2,789.88. The blue-chip index was down by as much as 2 per cent just after noon but recovered later in the day.

Volume was much higher than usual. About 2.24 billion shares worth S$1.85 billion changed hands, which worked out to an average unit price of S$0.82 per share.

The most actively traded counter was commodity firm Noble Group, which rose S$0.003 to S$0.182 with 388.9 million shares changing hands. Other actives included Kris Energy and Super Group.

Losers outnumbered gainers 318 to 113, or about three down for every one up.

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