THE Singapore market fell 0.78 per cent on Thursday, with the Straits Times Index dropping 22.87 points to 2,918.62 as investors sold down oil and gas counters.
About 1.25 billion shares worth S$878 million in total changed hands, which worked out to an average unit price of S$0.70 per share.
Losers outnumbered gainers 246 to 163, or about three down for every two up.
News of Swiber Holdings' winding-up application on Thursday took the market by surprise, and continued to dog the already-beleaguered oil and gas sector throughout the trading session.
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