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Singapore shares lower as post-Fed rally fizzles out

Published on Sep 20, 2013 5:38 PM

Singapore shares lost steam on Friday, dipping 14.25 points, or 0.44 per cent, to end at 3,237.53, after surging on Thursday when the United States Federal Reserve made a surprise decision to maintain its stimulus programme.

Most Asian bourses also took a breather at the end of the week.

"Today looks like being one of those Fridays where markets take stock after a big news week," said Ric Spooner, chief market analyst at CMC Markets.

"We may see some profit-taking by short-term sellers disappointed that yesterday's strong upward momentum was not followed through," he told Dow Jones Newswires.

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