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Singapore shares drift down; bank stocks drag

Published on Apr 25, 2014 1:48 PM

SINGAPORE (Reuters) - Singapore shares edged down on Friday, tracking losses in the broader Asian market, as investors took profits ahead of the weekend and escalating tensions in Ukraine weighed on sentiment.

The benchmark Straits Times Index fell 0.5 per cent to 3,268.53, though it added 0.5 per cent for the week. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 per cent.

ComfortDelgro Corp and Sembcorp Marine led the declines, edging down 1.9 per cent and 1.5 per cent respectively.

The losses also extended to banks, with the sector contributing most to the index's decline. Shares of UOB and DBS Group Holdings fell 1 per cent and 0.5 per cent, while OCBC stocks were up 0.1 per cent.

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