GLP falls 16¢ to lead Singapore shares lower

AHEAD of a long weekend here, Singapore shares ended on a glum note even though the Dow futures, which the index tracks closely, was up 20 points minutes before trading ended.

Dragged by the combined nine-point loss in shares of heavyweights Global Logistic Properties (GLP), DBS, Genting Singapore and ComfortDelGro, the benchmark Straits Times Index (STI) wrapped up Friday's session at 3,209.47 after losing 6.08 points or 0.19 per cent.

Gains in shares of OCBC, Singtel and Jardine Matheson helped soften the blow. Some 1.6 billion units worth S$1.1 billion changed hands, which comes to an average unit price of about S$0.70. Excluding warrants, losers beat gainers 219 to 166.