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Singapore shares close 0.1 per cent down on Wednesday

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SINGAPORE stocks finished 0.1 per cent lower on Wednesday, with the Straits Times Index (STI) losing 2.22 points to 2,858.01.

The blue chip index slipped a little on the day that the Opec oil cartel and Russia are scheduled to meet in Algeria to discuss a global oil glut.

The broad market was slightly better though. Gainers outnumbered losers 198 to 148, or about four up for every three down.

About 1.23 billion shares worth S$692.8 million in total changed hands, which worked out to an average unit price of S$0.57 per share.

The most actively traded counter was Noble Group, which rose S$0.01 to S$0.151 with 257.2 million shares changing hands. Other actives included Ezra Holdings and Alliance Mineral Assets.

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