Singapore shares lower as post-Fed rally fizzles out

Singapore shares lost steam on Friday, dipping 14.25 points, or 0.44 per cent, to end at 3,237.53, after surging on Thursday when the United States Federal Reserve made a surprise decision to maintain its stimulus programme.

Most Asian bourses also took a breather at the end of the week.

"Today looks like being one of those Fridays where markets take stock after a big news week," said Ric Spooner, chief market analyst at CMC Markets.

"We may see some profit-taking by short-term sellers disappointed that yesterday's strong upward momentum was not followed through," he told Dow Jones Newswires.

Some 5.3 billion shares worth $1.44 billion changed hands at home.

There were 150 gainers, outnumbering 288 losers.

Albedo was the top active, slipping 0.9 cents to 6.7 cents.

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