Singapore shares close mixed on consolidation after record-breaking run UPDATE

SINGAPORE (Thomson Financial) - Singapore shares closed Friday mixed as investors consolidated their positions following a record-breaking run that took the benchmark index above the 3,700 points for a time earlier this week.

Chinese stocks listed in Singapore bucked the broader market decline, with the shares rising at double-digit rates on optimism that the mainland's economy will maintain its robust growth despite an economic slowdown in the US.

The Straits Times Index closed down 8.54 points or 0.2 percent at 3,706.23, after trading between 3,679.59 and 3,726.53. For the week, the index was up 4.6 percent.

Gainers led losers 522 to 292, with 850 stocks unchanged.

Volume was 3.10 billion shares worth 3.78 billion Singapore dollars.