SGX: Bourse sheds 0.27pc

SINGAPORE shed 0.27 per cent, or 9.01 points, to close at 3,289.53.

United Overseas Bank gained 0.30 per cent to S$19.79 while farm commodities supplier Olam dropped 0.30 per cent to S$1.67.

CapitaLand Ltd headed for the lowest close in three months, leading declines among the city's property stocks, on speculation the government will introduce additional measures to cool the housing market.

Southeast Asia's biggest developer sank as much as 3.5 per cent to S$3.60 and traded at S$3.62 as of 12.30pm in Singapore. Agencies