Singapore shares close 0.46% down on Wednesday

SINGAPORE shares dropped on Wednesday's trading, taking their cue from the overnight Wall Street sell-off.

The Straits Times Index finished down by 16.55 points, or 0.46 per cent, at 3,568.01.

Overall losers beat gainers 307 to 126, or about five down for every two up.

Some 2.02 billion shares worth S$1.3 billion were traded.

Thai Beverage was among the constituents pulling the index down, losing S$0.03, or 3.43 per cent, to S$0.845 on a volume of 33.39 million shares.

CapitaLand Commercial Trust, which posted a lower first-quarter distribution per unit on Tuesday, was also down, shedding S$0.02, or 1.11 per cent, to S$1.78.

Meanwhile, mainboard-listed Trek 2000 International tumbled by 7.4 Singapore cents, or 32.89 per cent, to S$0.151 after trading resumed.

Forensic accountants have flagged potential legal breaches in the company's transactions.