Singapore - Selling pressure pushed Singapore shares prices down by 2.82 per cent on Thursday.

The Straits Times Index fell 52.97 points to 1,827.61.

The Singapore Exchange closed with 270 losers against 121 gainers.

Volume was thin, totaling 991 million shares.

Traders attributed the decline in prices to a region-wide downward trend due to profit taking and growing concerns about deepening global economic recession. (dpa)