STI fell 0.3% in second straight session of decline

SINGAPORE - Shares fell on Wednesday for a second straight day, with the Straits Times Index (STI) closing 8.4 points or 0.3 per cent lower at 3,283.7

Trading stayed thin with 987.3 million shares worth $965.6 million exchanging hands.

Genting Singapore was the most active stock - 66.1 million shares were traded as it closed down 2.5 cents to $1.015.

Remisier Desmond Leong said profit-taking and a lack of catalysts in the market led to the decline.

Singapore stocks diverged from regional bourses which have been making gains on the back of five consecutive sessions of record closes on Wall Street.

Tokyo rose 0.4 per cent, Seoul increased 0.2 per cent, Hong Kong added 0.6 per cent and Shanghai jumped 1 per cent.

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