SINGAPORE, May 31 (Xinhua) -- Singapore stocks closed lower on Friday, with the benchmark Straits Times Index (STI) going down 0.8 percent, or 25.24 points, to close at 3,117.76.

A total of 926.13 million shares changed hands with a turnover of 1.22 billion Singapore dollars (about 885.73 million U.S. dollars). Losers outnumbered gainers by 227 to 152.

The STI index went down 0.64 percent, or 20.28 points, to close at 3,143 on Thursday.

Singapore Exchange is introducing the "Trade at Close" (TAC) session for the securities market next Monday. The 10-minute-long TAC session will immediately follow the closing auction routine and allows participants to execute orders at the closing auction price set during the closing auction routine. The TAC session will occur at 5:06 p.m. to 5:16 p.m. on a regular trading day and from 12:06 p.m. to 12:16 p.m. if the market is trading for half a day. Enditem

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