Singapore shares close lower amid pressure on oil & gas

SINGAPORE shares slipped on Wednesday amid ongoing pressure in the oil and gas sector, as the Straits Times Index (STI) declined by 0.3 per cent, or 7.8 points, to close at 2,820.59.

A total of 876.8 million shares worth S$925.2 million changed hands. Losers outnumbered gainers 195 to 168, or about six down for every five up.

Singapore Telecommunications fell 2 per cent, or eight Singapore cents, to close at S$4.02. Among the oil and gas plays, Ezion Holdings dropped 6.4 per cent, or 1.5 Singapore cents, to 22 Singapore cents, while Ezra Holdings finished at 3.9 Singapore cents, down 2.5 per cent or 0.1 cent.