Singapore shares fall on profit-taking, lack of fresh leads

SINGAPORE shares dipped on Thursday as investors took some money off the table after Wednesday's bumper gains.

The benchmark Straits Times Index (STI) slipped 5.24 points or 0.17 per cent to 3,145.41, giving up a small part of its 29.77-point increase on Wednesday.

There was not much to push the market in either direction, especially after the mixed session overnight on Wall Street.

Minutes from the December meeting of the United States Federal Reserve had yielded few surprises.

The minutes were released Wednesday and investors were looking for clues to the thinking of the Fed officials who last month announced a reduction in the Fed's money-printing programme.

City Developments rose two cents or 0.2 per cent to $9.50 and fellow developer CapitaLand slipped one cent or 0.3 per cent to $2.97.

Outside the STI, Keppel Land fell four cents or 1.2 per cent to $3.20.

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