0936 GMT - Singapore's FTSE Straits Times Index closed 0.1% lower at 3927.75 amid possible position adjustments by investors. The market could be digesting the government's recent measures to boost the country's equity market. The measures represent a step in the right direction, potentially setting off a positive cycle of attracting more investors and stimulating new listings, says IG market strategist Yeap Jun Rong in an email. Among decliners, Yangzijiang Shipbuilding fell 7.1%, SATS was down 3.3% and Seatrium lost 2.1%. Meanwhile, UOL Group rose 5.9% and Singapore Exchange climbed 3.9%.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 04:36 ET (09:36 GMT)
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