Singapore index down; Hutchison Port, CapitaLand fall

SINGAPORE (Reuters) - Singapore shares dipped on Thursday, led by shipping port operator Hutchison Port Holdings Trust and Southeast Asia's biggest property developer CapitaLand.

The benchmark Straits Times Index eased 0.2 per cent to 3,225.58 points, while the MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3 per cent lower.

Hutchison was the worst performer on the index, with units falling as much as 2.7 per cent to an almost eight-week low at US$0.73 (S$0.91). Some 23.8 million units were traded, more than 1.6 times its average 30-day full-day volume.

The port operator reported last week an 8.4 per cent drop in net profit for its quarter ended September.

CapitaLand shares fell as much as 2.2 per cent to a three-week low at $3.09 after posting an 8.7 percent fall in third-quarter net profit on Thursday due to lower portfolio gains.

The company earned $135.5 million in the three months ended Sept. 30, down from $148.5 million a year ago.

Join ST's Telegram channel and get the latest breaking news delivered to you.