SINGAPORE (Nov 26): Singapore stocks fell as market sentiment turned bearish after US stocks slipped overnight from a record.

As at 1:07pm, the Straits Times Index was down 3.2% to 3,341.84 with 155 million shares worth $227.32 million traded. Market breadth was positive as gainers edged out losers 166 to 148.

Consumer confidence in the US declined to a five-month low in November, to a level that was weaker than the most pessimistic estimate in a Bloomberg survey of economists. Gross domestic product rose at a 3.9% annualised rate in the third quarter, up from an initial estimate of 3.5%.

Europtronic Group was the top percentage loser, trading down 25.9% to 2 cents. On Nov 11, the company said a group of shareholders had formally requested an EGM to register a vote of no confidence for its current board of directors and for them to step down with immediate effect. For the nine months ended Sept, the manufacturer and distributor of electronic components recorded a loss of US$4.9 million.

Among the gainers, Addvalue Tech rose 15.9% to 8 cents after the satellite communications specialist said last night a subsidiary was involved in the development of a radiation-resistant modem for the new VELOX-II satellite which is being built by NTU targeted for launch in the fourth quarter of 2015.

Amplefield rose 16.7% to 0.7 cents. On Monday night, the company said its Citybuilders VN subsidiary won a $233 million contract in Vietnam from a company related to major shareholder and director Dato Yap Teiong Choon.