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Singapore stocks finish lower; STI's loss led by Jardine Matheson
AFTER having risen 58 points on Tuesday and Wednesday to reach a 19-month high, the Straits Times Index on Thursday fell back 11.33 points to 3,173.24, most probably in response to a weak Wednesday for Wall Street.
Turnover was 3.2 billion units worth S$1.2 billion for an average value of S$0.37 per unit and excluding warrants there were 233 rises versus 230 falls throughout.
As was the case on Wednesday when Hongkong Land was the largest index mover, another Jardine stock was Thursday's biggest influence - Jardine Matheson's US$1.71 or 2.6 per cent drop to US$64.4 on volume of 353,20 cut about 6 points off the STI.