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Singapore shares open 1.14% lower on Friday

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SINGAPORE share prices opened lower on Friday with the Straits Times Index down 33.28 points or 1.14 per cent to 2,885.34 as at 9.01am. The stunning move by Swiber Holdings to wind up the company is likely to weigh on sentiment.

Top losers in early-morning trade included DBS, UOB and OCBC.

Some 127 million shares worth S$277.1 million changed hands, with losers outnumbering gainers 86 to 42.