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Singapore: Shares open lower on Thursday after mixed earnings in US

SINGAPORE share prices opened lower on Thursday with the Straits Times Index down 3.88 points to 3,436.95 at 9am, following mixed corporate earnings in the United States and a second day of congressional testimony from Fed chair Janet Yellen.

In all, some 54.6 million shares worth S$69.3 million changed hands, with gainers outnumbering losers 66 to 63.

Among the exchange's most active stocks was Genting Singapore, which broke its S$1 resistance on Wednesday after a disappointing set of Q4 results. Some 5.6 million Genting shares changed hands in early trading, while the stock price stayed flat at S$0.98.

Meanwhile, Noble has come under a second attack by little-known short-seller Iceberg Research on Thursday, and halted trading.