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Singapore shares open higher on Thursday

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SINGAPORE stocks opened higher on Thursday, a day after the city-state celebrated its 52nd National Day.

The benchmark Straits Times Index rose 21.61 points, or 0.65 per cent, to 3,339.69 as at 9:27am. About 290 million shares worth S$345 million changed hands, with 128 gainers to 101 losers.

Singtel is among the most actively traded, with more than 14 million shares changing hands. The telco was hovering around S$3.77 a share. It is due to unveil its fiscal first quarter results on Friday.

The local market appeared unaffected by rising tensions between North Korea and the United States, which saw stock prices on Wall Street fall across the board. Both the S&P and Nasdaq fell for the second straight session.

sentifi.com

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