SINGAPORE stocks opened higher on Thursday following gains on Wall Street overnight. Singapore's benchmark Straits Times Index rose 0.3 per cent or 6.69 points to 2,569.89 as at 9.03am.
Gainers outnumbered losers 110 to 45, after 102.8 million securities worth S$74.5 million changed hands. One of the most active counters by volume was healthcare products and hospital services provider Medtecs International, which moved up by 3.6 per cent or S$0.05 to S$1.46 with 7.6 million shares changing hands as at 9.04am. The stock extended its rally from the previous day, whenOther heavily traded securities included Sembcorp Marine, which sank 30 per cent or 10.5 Singapore cents to 24.5 cents with 5.1 million shares traded, as well as Genting Singapore, which advanced 2.1 per cent or 1.
Banking stocks were in the green during the early morning session. DBS was trading up 0.9 per cent or S$0.18 at S$21.19 as at 9.04am, United Overseas Bank was up 0.1 per cent or S$0.01 to S$19.90, while OCBC gained 0.3 per cent or S$0.03 to S$8.89.
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