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Singapore's STI opens 0.31% lower on Thursday

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SINGAPORE shares retreated in early Thursday trade on the back of losses on Wall Street and soft US economic data. The Straits Times Index dipped 0.31 per cent, or 10.64 points, to 3,408.38 as at 9.02am, wiping out Wednesday's feeble gain.

Among the most active counters were Ascendas Reit, which slid three Singapore cents to S$2.51 as at 9.03am, while Yuuzoo opened one cent higher at S$0.30. A total of 61.6 million shares worth S$109.5 million had changed hands as at 9.02am. Losers outnumbered gainers 83 to 44.