Singapore shares close unchanged

THE local market ended Wednesday on a subdued note, with the Straits Times Index slipping a marginal 0.96 points to 2,983.92 in line with a Wall Street slide.

Though the three local banks lost ground, the bluechip index was supported by other counters such as Global Logistic Properties and Singtel.

About 1.03 billion shares worth S$906.9 million in total changed hands, which worked out to an average unit price of S$0.88 per share.

The most actively traded stock was Noble Group, which rose S$0.005 to S$0.475 with 62.2 million shares changing hands. Other actives included Jiutian Chemical and MMP Resources.

Losers outnumbered gainers 217 to 177, or about five down for every four up.