SINGAPORE shares were pulled into positive territory on Thursday, with the benchmark Straits Times Index gaining 12.45 points or 0.5 per cent to 2,479.07 as at 9am.Among the heavily traded securities, Sembcorp Marine gained 0.4 Singapore cent or 2.7 per cent to 15 cents, with 4.7 million shares traded. The, as investors appeared to see a heightened possibility of a highly-speculated offshore and marine merger.
Meanwhile, Singapore Telecommunications was flat at S$2.12, with 1.6 million shares traded. The telco on Thursday announced that its group chief executive officer ,with the telco, effective Jan 1, 2021. Yuen Kuan Moon, who is CEO of Singtel's Singapore consumer business and the chief digital officer, will succeed her.
The trio of local lenders were up in early trade. DBS gained S$0.17 or 0.9 per cent to S$20.08, UOB added S$0.17 or 0.9 per cent to S$19.20, while OCBC was up S$0.12 or 1.4 per cent to S$8.54.
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