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Singapore: Shares close 1.3% down after China PMI report


The Singapore market finished 1.3 per cent lower on Friday, with the Straits Times Index falling 38.77 points to 2,971.01 after China's flash manufacturing PMI came in far worse than expected.

The blue-chip index has slid for five straight sessions and has lost 4.8 per cent from last Friday.

About 1.94 billion shares worth S$1.54 billion in total changed hands, which worked out to an average unit price of S$0.80 per share.

The most actively traded stock was Pacific Andes, which plunged 28.6 per cent or S$0.012 to S$0.030 with 238.5 million shares changing hands. Other actives included WE Holdings and China Fishery.

Losers outnumbered gainers 368 to 129, or about three down for every one up.