Singapore shares close lower as weak Dow futures, Europe cancel out early gains

AN almost 6 per cent jump in oil prices on Tuesday helped push the Straits Times Index up nearly 20 points during the day but by late afternoon, a reversal in the Dow futures and a weak opening for Europe brought the index down to 2,793.99, a net loss of 3.56 points.

Turnover amounted to 1.7 billion units worth S$1.3 billion, the 10th straight day dollar value rose above S$ 1billion and, excluding warrants, there were 201 rises versus 185 falls.