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Singapore shares open 1.1% up on Friday

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THE local market opened 1.1 per cent higher on Friday, with the Straits Times Index moving up 32.83 points to 3,070.94 as at 9.00am.

The blue-chip index was buoyed by dovish remarks made by European Central Bank president Mario Draghi, which some analysts have interpreted as suggesting possible further stimulus in the eurozone.

About 96.8 million shares worth S$69.1 million in total changed hands, which worked out to an average unit price of S$0.71 per share.

The most actively traded stock was Noble Group, which rose S$0.015 to S$0.530 with 18 million shares changing hands. Other actives included Stratech Group and New Silkroutes.

Gainers outnumbered losers 128 to 30, or about four up for every one down.

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