Singapore shares down 0.5% at midday

Shares on the Singapore market fell in morning trading on Friday, after data showed better-than-expected growth in the economy during the second quarter of the year, easing pressure on the central bank to loosen monetary policy.

The benchmark Straits Times Index slipped 15 points, or 0.46 per cent, to 3,233 as at 1pm.

One billion shares changed hands, worth a total of $522.1 million.

Decliners outnumbered gainers 201 to 134, with 462 counters unchanged.