Singapore shares open 0.6 per cent up on Thursday

SINGAPORE stocks opened 0.6 per cent higher on Thursday, with the Straits Times Index moving up 17.86 points to 3,155.29 as at 9.00am.

The blue-chip index was buoyed by an overnight US stock market rise. The US Federal Reserve went ahead with an expected rate hike and did not show signs of hiking more than the three times expected in 2017.

In Singapore, about 118.2 million shares worth S$122.5 million in total changed hands, which worked out to an average unit price of S$1.04 per share.

The most actively traded counter was Noble, which fell S$0.005 to S$0.205 with 10.5 million shares changing hands. Other actives included Yangzijiang and Alliance Mineral.

Gainers outnumbered losers 131 to 24, or about five up for every one down.