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Singapore shares open higher on Thursday

Thursday, December 1, 2016 - 09:19
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SINGAPORE share prices opened 0.69 per cent higher on Thursday with the Straits Times Index up 19.9 points to 2,923.92 at 9.08am.

They followed after Tokyo stocks, which opened higher on Thursday with investor sentiment boosted by the yen's plunge and an Opec deal to cut oil production.

On Wall Street, however, weakness in some large technology shares sent the Nasdaq lower on Wednesday, while the Dow was essentially flat despite strong gains from banks and energy companies.

On the Singapore bourse, among the highest value traded stocks were United Overseas Bank (up 29 cents to S$20.70), SATS (up two cents to S$4.83) and Noble Group (up 0.4 cent to S$0.163).

Overall on the stock market, 473.1 million shares worth S$385.1 million changed hands. Gainers outnumbered losers 115 to 49 as at 9.08am.