Singapore stocks open higher on Thursday; STI up 0.1%

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SINGAPORE stocks opened higher on Thursday morning following signs of easing deflation in the Republic's economy, with gains tracking a rebound in US and regional equities. Read more at The Business Times.

Shares of NetLink NBN Trust were also among the top five actively traded counters in terms of value. The counter was flat at 96.5 Singapore cents as at 9.02am.

Oceanus shares were among the most active by volume in early trade, with 6.5 million shares changing hands as at 9.03am. The counter rose 8 per cent or 0.2 Singapore cent to 2.7 cents. In the US, Wall Street stocks finished mostly higher on Wednesday, shrugging off sharp criticism from outgoing President Donald Trump that could veto the US$900 billion economic relief package passed by Congress. Investors focused on the possibility of a richer package rather than the risk of the stimulus bill dying off.

European shares booked yet another day of strong gains at Wednesday's close, spurred by signs of an imminent Brexit deal as talks between the European Union and Britain were said to be in their final stages. The pan-European Stoxx 600 index hit session highs on the news, and closed up 1.1 per cent in holiday-thinned trade.

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