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Singapore stocks close lower with STI losing 16 points

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SHARE prices in the local bourse fell on Friday with the key Straits Times Index down 15.82 points or 0.5 per cent at 3,255.29.

Wall Street's lower closing and profit-taking in banking stocks led to the drop.

Turnover came in at 2.2 billion shares worth S$1.4 billion. Losers trounced gainers with 307 counters down and 168 up.

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