The most active counter by volume was QT Vascular, which fell 16.7 per cent or 0.2 Singapore cent to one cent, with 33.6 million shares changing hands. The medtech firm's chief executive has been offloading his shares over the last two days.
Banking stocks declined in early trade. DBS was down 0.9 per cent or S$0.19 to S$20.68, UOB fell 0.5 per cent or S$0.09 to S$19.48, while OCBC lost 0.6 per cent or S$0.05 to S$8.63. In the US, Wall Street stocks jumped again on Wednesday, with the Nasdaq ending above 12,000 for the first time as investors shrugged off disappointing employment data and a cautious Federal Reserve report.
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