Singapore: Shares open flat on Thursday

SINGAPORE stocks opened flat on Thursday, with the Straits Times Index up by 9.2 points or 0.32 per cent to 2,853.82.

This comes as US stocks were reported to notch a second straight day of gains overnight as climbing oil prices lifted the energy sector, and earnings from Morgan Stanley provided a boost to financials.

In Singapore, about 100.6 million shares worth S$139.5 million in total changed hands as at 9.01am. Gainers outnumbered losers 105 to 29.

The most actively traded counter was Suntec Reit, which opened flat at S$1.745 with about 29.36 million shares changing hands. Other actives included ThaiBev, Noble and Jasper Investments.