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Singapore: STI slips 0.9% as failed Greece talks hit banks


SINGAPORE shares closed 0.9 per cent lower as at 5:10pm on Monday, with the Straits Times Index down 30.72 points to 3,323.13 as the banks retreated following Europe's failure over the weekend to reach a deal on Greece.

DBS Group Holdings declined by 1.1 per cent, or 23 Singapore cents, to close at S$20.75, while United Overseas Bank eased 1.4 per cent or 33 Singapore cents to S$22.92.

About 1.05 billion shares worth S$937 million in total changed hands, which worked out to an average unit price of S$0.89 per share.

The most actively traded stock was Noble Group, which rose S$0.035 to S$0.720 with 73.2 million shares changing hands as the commodity trader continued to buy back its own shares.

Losers outnumbered gainers 305 to 127, or about five down for every two up.