STI - Bulls are dead!

Straits Times 2,753.51 -21.03 -0.76%

-SINGAPORE - Singapore share prices ended weaker on Thursday on growing fears European sovereign debt problems will crimp the broader global economic recovery.


Singapore's key Straits Times Index (STI) fell 0.8 percent or 21.03 points to close at 2,753.51. Overall volume traded was 1.75 billion shares worth S$1.81 billion. Losers outnumbered gainers 403 to 101.

Commodities stocks were hit particularly hard, as concerns about the impact of European financial problems on global trade pushed global commodities prices down on Wednesday as traders shed riskier investments.

Commodities group Noble Group slumped 5.0% to S$1.70 while Wilmar and Olam International dropped 4.5% to S$5.50 and 2.1% to S$2.34, respectively.