Singapore shares continue rally with 1.38% opening gain on Thursday

SINGAPORE stocks continued to rally as the market opened on Thursday, with the Straits Times Index gaining 1.38 per cent or 36.07 points to 2,649.86 as at 9.02am.

Gainers outnumbered losers 107 to 27, or about four up for every one down, with 55.2 million shares worth S$93.9 million traded.

Oil and gas-related names were among the early movers, with exploration company Rex International rising 4.1 per cent or 0.3 Singapore cent to 7.7 Singapore cents. Offshore and marine company Vallianz Holdings rose 5.1 per cent or 0.2 Singapore cent to 4.1 Singapore cents.

Among the index stocks, developer CapitaLand increased by one per cent or three Singapore cents to S$2.89.