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Singapore shares lower in early trade on profit-taking


Published : Fri, 12 Oct 2007 02:12
By : Agencies
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SINGAPORE (Thomson Financial) - Singapore shares retreated in early trade Friday after rising to record levels in the previous session as Wall Street's drop overnight prompted investors to lock in gains.

The benchmark Straits Times Index was last down 20 points or 0.5 percent at 3,855.77.

Bourse operator Singapore Exchange is leading the fall, dropping 20 cents to 15.60 Singapore dollars. Property developer CapitaLand declined 5 cents to 8.30 dollars.

Singapore Telecommunications, which led the rally Thursday, dipped 4 cents to 4.10 dollars

while DBS Group fell 10 cents to 22.40 dollars.

(1 US dollar = 1.46 Singapore dollars)

pearl.bantillo@thomson.com

jb/ms

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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