Singapore shares slipped to their lowest in nearly two
weeks, weighed by a fall in CapitaMalls Asia Ltd
shares following weak quarterly earnings.
The Straits Times Index dipped 0.55 percent to
3258.66, while the MSCI's broadest index of Asia-Pacific shares
outside Japan was down 0.15 percent.
CapitaMalls Asia shares fell as much as 4.2 percent to
S$2.08 after the company reported a 10 percent drop in
fourth-quarter net profit compared to a year earlier.
The shopping malls owner and developer cited a decline in
operating income due to higher fair value losses and impairment
losses suffered in India on its investments and properties.
Around 9.7 million shares changed hands, 1.3 times the average
full-day volume over the past 30 days.
Reporting by Teo Jion Chun; Editing by Jijo Jacob