(Bloomberg) -- Singapore's stocks fell for a second day. SMRT Corp. and ComfortDelgro Corp., the nation's two publicly traded land transport companies, dropped after SMRT said a merger proposal by its rival was ``not relevant.''
``The shares have been riding on a potential merger,'' said Daphne Roth, who advises wealthy clients as Vice President of Equity Research at ABN Amro Private Banking in Singapore. ``The comments that a merger may not materialize has damped the speculation.''
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