Monday, March 10, 2014

Epic Research Singapore : Sgx Singapore News Update

Singapore shares fell on Monday after a four-day winning streak as the broader Asian market sagged on disappointing Chinese trade data and uncertainty over the crisis in Ukraine.

Shares in palm oil firm Golden Agri-Resources Ltd fell from a nearly four-month high of $0.61 hit in the previous session, slumping 2.5 per cent and leading the losses in the Singapore index, just as crude palm oil prices eased from a near 18-month peak.

In other stocks, Frasers Centrepoint Ltd inched down 0.3 per cent to $1.59, hovering near last week's peak of $1.615, the highest since Jan 20. The property developer made its debut on the Singapore Exchange on Jan 14 at $1.61.

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