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Singapore: Shares open lower on weaker US jobs data

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Singapore's stock market opened lower on Thursday with the Straits Times Index (STI) down 20.42 points or 0.59 per cent to 3,439.37 at 9.03am, weighed down by Wall Street's overnight losses for a second straight session.

SINGAPORE'S stock market opened lower on Thursday with the Straits Times Index (STI) down 20.42 points or 0.59 per cent to 3,439.37 at 9.03am, weighed down by Wall Street's overnight losses for a second straight session.

Disappointing US jobs data aside, traders' mood was not helped by comments from Federal Reserve Chair Janet Yellen who described equity valuations as "generally quite high".

The most active stocks at Singapore Exchange on Thursday are Vallianz, Noble and CapitaCommercial Trust.

As at 9.03am, 99.6 million shares valued at S$72.2 million changed hands, with losers outnumbering gainers 82 to 61.