SINGAPORE, Aug. 11 (Xinhua) -- Singapore shares closed 0.05 percent lower on Tuesday, as investors weighed the progress of talks on the U.S. virus relief package.

U.S. markets were mixed on Monday as investors continued to take profit in technology shares as Congress negotiations had yet to yield an agreement on fresh stimulus, while better than expected payrolls data spurred rally in U.S. domestic related shares.

Meanwhile, crude oil prices rose as traders bet additional U.S. stimulus will come shortly, and following weekend comments from chief of Saudi Arabia national oil company Aramco that the Asian demand has nearly recovered to pre-virus levels.

MayBank-Kim Eng Retail Research said "technically, the Straits Times Index is climbing out of oversold territory with immediate resistance at 2,570 points and support level at 2,490 points."

Singapore's benchmark Straits Times Index inched down 1.36 points to 2,544.15 points. Trading volume was 1.66 billion shares worth 1.76 billion Singapore dollars. Decliners outnumbered advancers 254 to 215.

SIIC Environment fell two percent to 19.6 Singapore cents. It reported second-quarter net profit crept up 0.7 percent to 151.1 million Chinese yuan mainly attributable to other income of 64.2 million Chinese yuan and lower tax.

Its quarterly revenue was flat at 1.59 billion Chinese yuan as higher operating and maintenance, and financial income from service concessions were negated by lower construction activity due to coronavirus outbreaks in China.

Among top gainers, DBS Group Holdings rose 1.21 percent to 20.85 Singapore dollars, while Keppel Corporation became one of the top losers by falling 11.11 percent to 4.80 Singapore dollars. (1 U.S. dollar equals to 6.945 Chinese yuan and 1.37 Singapore dollars) Enditem

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