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Singapore stocks open higher on Thursday; STI up 0.1%

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SINGAPORE shares began trading on Thursday in slightly positive territory, with the Straits Times Index (STI) gaining 3.54 points or 0.1 per cent to 2,545.62 as at 9.01am. Read more at The Business Times.

The trio of local lenders were in the green in early trade on Thursday. DBS rose S$0.01 or 0.05 per cent to S$20.69, United Overseas Bank added S$0.14 or 0.7 per cent to S$19.70 on an ex-dividend basis, while OCBC Bank gained S$0.03 or 0.4 per cent to S$8.70.

Other active securities include Silverlake Axis, which dipped one Singapore cent or 3.3 per cent to 29.5 cents. This comes after the fintech firm on Wednesday posted a for its fourth quarter ended June 30, as the Covid-19 pandemic hampered the timely closing of deals, it said., shrugging off worries about a hurricane approaching a key oil-producing region and renewed coronavirus fears that had stymied indices elsewhere.

The S&P 500 and the Nasdaq posted yet another record close, while the Dow finished up 0.3 per cent despite weak opening momentum.. The benchmark Nikkei 225 index was up just 0.02 per cent or 4.27 points at 23,295.13 in early trade, while the broader Topix index slipped 0.1 per cent or 1.93 points to 1,622.55.For daily updates on weekdays and specially selected content for the weekend.

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