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Singapore: Stocks open lower despite gains in Asian stocks


THE benchmark Singapore Straits Times Index (STI) opened slightly lower on Wednesday despite gains in Japanese stocks and higher Chinese stock futures.

At 9.03am, the STI index was at 3,503.88, down 4.73 points or 0.13 per cent.

However, gainers outnumbered losers 90 to 55.

As of 9.01am, Noble Group topped value traded, up half a cent to S$0.875 after promising on Wednesday morning more transparency, starting with greater disclosures in its first quarter 2015 results, scheduled for release on May 7. This comes after concerns over transparency were raised following its annual general meeting last Friday.

Other than Noble, other stocks in the top five by value traded were ST Engineering, SPH, Sembcorp Industries and Singtel.

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