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Singapore shares open 0.3% down on Thursday

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Singapore stocks opened 0.3 per cent lower on Thursday, with the Straits Times Index retreating 9.2 points to 2,804.51 as at 9.02 am.

SINGAPORE stocks opened 0.3 per cent lower on Thursday, with the Straits Times Index retreating 9.2 points to 2,804.51 as at 9.02 am.

The blue-chip index slipped after United States Federal Reserve meeting minutes indicated that the Fed may hike interest rates in December.

About 101.4 million shares worth S$98.9 million in total changed hands in the first couple of minutes, which worked out to an average unit price of S$0.98 per share.

The most actively traded counter was Korean movie producer Spackman Entertainment Group, which rose S$0.008 to S$0.121 with 14.6 million shares changing hands. Other actives included Jasper Investments and Noble Group.

Gainers outnumbered losers 66 to 59, or about nine up for every eight down.