Singapore stocks: STI resumes Monday afternoon barely changed at 3.356.25

SINGAPORE shares entered the afternoon session barely moved after China's gross domestic product data for the second quarter fell within expectations, a relief to market watchers.

"Every time we are faced a major economic number it comes as a huge sigh of relief even when the print comes out as expected," Vanguard markets managing partner Stephen Innes said. Across the market, decliners outpaced advancers 181 to 161. The benchmark index had 12 of the STI's 30 components trading in the red.

The food and beverage player's shares saw heavier-than-usual trading after news reports emerged that Anheuser-Busch InBev has cancelled the listing of its Asia-Pacific unit in Hong Kong, with market watchers saying that Ab InBev has priced the listing too high.

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