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Singapore listed companies lost S$83b in value in August

Singapore listed companies shed S$83 billion of value in a volatile August, and were collectively valued at S$854 billion as of Aug 31, 2015, statistics compiled by The Business Times show.

Market capitalisation was down 8.8 per cent month on month. August marked a fourth straight month of declines.

While the largest stocks were down 8 to 10 per cent, the smallest tenth of listed companies here saw their market capitalisation fall by 26 per cent.

Blue chips like DBS, Singtel, UOB and OCBC suffered the biggest falls in value in absolute terms of around S$5-7 billion each.

The biggest percentage losers included a number of oil and gas related stocks like Beng Kuang Marine and Otto Marine, as well as stocks hit by individual issues like China Fishery Group.

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