Singapore shares open higher on Thursday

THE benchmark Straits Times Index (STI) opened higher on Thursday morning, after US stocks slid but European shares recovered on Wednesday following a late pick-up in oil prices.

The STI gained 7.35 points or 0.29 per cent to 2,553.53 by 9.03am on Thursday, with 43.2 million stocks worth S$87.8 million changing hands. Losers narrowly outnumbered gainers 58 to 51.

Actively traded stocks straight out the gate included DBS, Global Logistic Properties, Singapore Airlines and CapitaLand.