SINGAPORE shares closed flat on Friday, giving up earlier gains on fears of more bad economic news, dealers said.
The blue-chip Straits Times Index ended up 3.67 points, or 0.21 percent, at 1,759.14 on volume of 968.43 million shares worth 811.22 million Singapore dollars.
There were 239 rising stocks to 202 decliners, with 878 issues even.
'I guess people have learned their lessons that it pays to book profits fast and not expect too much in this market,' a foreign brokerage house dealer told Dow Jones Newswires.
Among the banks, DBS fell four cents to 10.34, while United Overseas Bank was up two cents to 12.12 and Oversea-Chinese Banking Corp added six cents to 4.9.
Property developer CapitaLand climbed two cents to 2.72 and City Developments gained a cent to 6.10, but Keppel Land dipped two cents to 1.78.
Singapore Telecom eased two cents to 2.40, and oil rig maker gave up five cents to 4.68, while Singapore Airlines closed 10 cents higher at 11.14. -- AFP
