Singapore shares close flat on Thursday

MIRRORING an apparent impasse in the eurozone over Greece's bailout, Singapore shares ended unchanged on Thursday with the Straits Times Index down a marginal 1.46 points to 3,349.87.

The index was propped up by the three local banks, which partly offset a slide in other blue chips including Singtel and Keppel Corp.

About 1.26 billion shares worth S$940 million in total changed hands, which worked out to an average unit price of S$0.75 per share.

The most actively traded stock was of Chinese information technology firm Armarda, which fell S$0.001 to S$0.002 with 295.8 million shares changing hands. Other actives included Debao Property and commodities firm Noble Group.

Losers outnumbered gainers 251 to 150, or about five down for every three up.