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Straits Times Index up more than 2% in early session


THE benchmark Straits Times Index extended its opening gains on Thursday morning following Wall Street's rally the previous day.

At 9.45am, the index had climbed by 2.19 per cent or 62.98 points to 2,935.98.

Some 470.8 million shares valued at S$341.3 million were traded, with gainers outnumbering losers 284 to 38.

Among the active counters were Stratech Group, Noble Group and YuuZoo.

The positive sentiment comes on the back of a surge in Asian stocks as trading opened on Thursday, echoing Wednesday's Wall Street rally sparked by hints that the US Federal Reserve would not raise interest rates following days of market turmoil caused by concerns over the Chinese economy.

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