Singapore stocks dip before festive break; STI down 0.06%

Singapore shares ended slightly lower on Dec 24 before investors took a break for Christmas, even as Wall Street closed higher on the back of a strong growth forecast for the US.

- Navene Elangovan

The benchmark Straits Times Index (STI) slipped 0.06 per cent, or 2.63 points, to close at 4,636.34 on the shorter trading day of Christmas Eve. Meanwhile, the iEdge Singapore Next 50 Index rose 0.1 per cent, or 1.61 points, to 1,448.61.

Frasers Logistics and Commercial Trust was the top blue-chip gainer, rising 1 per cent, or one cent, to 99.5 cents.

ST Engineering was the largest decliner on the STI, falling 1.3 per cent, or 11 cents, to $8.35.