0842 GMT [Dow Jones] Heading into the holiday with a whimper, not a bang, Singapore's STI is down 0.7% at 3045.83, extending declines as European shares lose ground. "The key reason is people are taking some money off the table. The recent run has been pretty robust. We actually outperformed the rest of the region," says Carey Wong, an analyst at OCBC. "You never get poor from taking profits. Why leave yourself exposed?" He adds, a negative ratings call on Greece is also weighing. SP changed Greece's outlook to Negative from Stable. Whether the index closes below 3050 will be closely watched. Volume is a bit plumper at 1.14 billion shares valued at S$1.17 billion losers top gainers 2.4-to-one. Heavyweight SingTel (Z74.SG) is down 2.0% at S$3.40; Wong says it's on Bharti's lower-than-expected earnings. Golden Agri (E5H.SG) is down 4.1% at S$0.695; an analyst says it's on Goldman Sachs downgrading it to Neutral before its earnings Friday. Genting Singapore (G13.SG) is down 2.3% at S$1.275; it also reports earnings Friday.