Singapore: STI opens 0.3% lower on Thursday

SINGAPORE shares fell on Thursday morning despite a positive lead in the US and Tokyo markets, with the Straits Times Index (STI) down 9.91 points or 0.3 per cent to 3,339.93 points.

This comes after Wall Street stocks rose on Wednesday, following positive US data and a fresh commitment by the European Central Bank to monetary stimulus.

Among the most active stocks in play were Singtel, Silverlake Axis, and Singapore O&G which makes its trading debut on Thursday.

Some 86.9 million shares worth S$198.8 million changed hands, with gainers narrowly beating losers 72 to 69.