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Singapore stocks: STI resumes Thursday afternoon down 0.9% on day

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The local banks declined in the afternoon trade. DBS shares lost S$0.15 or 0.6 per cent to S$24.51, OCBC Bank fell S$0.08 or 0.7 per cent to S$10.78 and United Overseas Bank was trading at S$25.02, down S$0.11 or 0.4 per cent as at 1.03pm on Thursday.

Among property related listings, shares in PropNex edged up 0.5 Singapore cent or 0.9 per cent to 55.5 cents after the real estate agency reported that its Q4PropNex attributed higher revenue to a surge in commission income from project marketing services. Meanwhile, Centurion Corporation eased 0.5 Singapore cents or 1.1 per cent to 46.5 cents after reporting on Thursday that bottomline for Q4 rose 38 per cent to S$73.1 million. Topline for the dormitory owner and operator was up 15 per cent to S$36 million.

Elsewhere in the Asia-Pacific, equity benchmarks in Australia, Hong Kong, South Korea and Taiwan were lower in the afternoon. Bucking the trend were Malaysia as well as China's Shanghai Composite Index, which is getting a lift from fewer virus deaths and hopes of further stimulus.

 

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