15 Apr '11, 10am

Singapore stocks close 0.18% lower: SINGAPORE : Stocks in Singapore closed 0.18 per cent lower on Friday followi...

SINGAPORE : Stocks in Singapore closed 0.18 per cent lower on Friday following news that China's inflation had hit a 32-month high, suggesting Beijing's efforts to rein in soaring costs are still falling short. China's consumer price index rose 5.4 per cent in March - the fastest pace since July 2008. The Straits Times Index fell 5.62 points to end at 3,153.30. Volume was 1.22 billion shares. Losers led gainers 248 to 188. Jardine Cycle & Carriage fell 0.43 per cent to S$36.70 and Oversea-Chinese Banking Corp shed 0.10 per cent to S$9.69. Neptune Orient Lines declined 2.0 per cent to S$1.94, Wilmar International fell 0.6 per cent to S$5.24, while SingTel climbed 0.7 per cent to S$3.06. Sembcorp Industries dipped 1.5 per cent to S$5.32 while Sembcorp Marine was down 1.2 per cent at S$5.78. Golden Agri-Resources slid 0.7 per cent to S$0.695, while Olam International rose 1.4...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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