Singapore: Shares end 0.8 per cent lower

Singapore shares closed 0.8 per cent lower on Tuesday with the Straits Times Index shedding 28.47 points to 3442.33 following a drop in the United States equities.

All eyes are on Greece's bailout talks, with the European Central Bank due to reassess the emergency liquidity lines for the Greek banking system on Wednesday.

The local benchmark index was dragged down mainly by the three local banks. DBS fell S$0.27 to S$20.86, OCBC declined S$0.12 to S$10.39 while UOB dropped S$0.31 to S$24.09.

About 1.34 billion shares worth S$1.15 billion in total changed hands, which worked out to an average unit price of S$0.86 per share.

The most actively traded stock was Golden Agri-Resources, which rose S$0.02 to S$0.44 with 86.2 million shares changing hands. Other actives included Pacific Andes and KLW.

Losers outnumbered gainers 284 to 154, or about two down for every one up.