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Singapore shares close lower on Wednesday

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LOCAL stocks ended 0.54 per cent lower on Wednesday, with the benchmark Straits Times Index retreating 16.13 points to 2,981.59 after weak economic data from China.

The blue-chip index was weighed down by a retreat in banks and property counters.

About 1.22 billion shares worth S$986.6 million changed hands, which worked out to an average unit price of S$0.81 per share.

The most actively traded stock was International Healthway Corp, which rose 2.17 per cent or S$0.002 to S$0.094 with 53.3 million shares changing hands. Other actives included Noble Group, Ezra Holdings and QT Vascular.

Losers outnumbered gainers 301 to 137.

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