Singapore shares open higher on Thursday; STI up 0.4% to 3,312.96

The Singapore Exchange centre in Shenton Way.
The Singapore Exchange centre in Shenton Way.PHOTO: ST FILE

SINGAPORE - Singapore stocks opened higher on Thursday (June 27), with the Straits Times Index gaining 11.7 points, or 0.4 per cent, to 3,312.96 as at 9.04am.

This came despite Wall Street stocks struggling for direction overnight, as investors remained cautious about the prospect of a breakthrough in the United States-China trade dispute ahead of the G-20 Summit.

On the Singapore bourse, advancers outnumbered decliners 84 to 34, after about 57 million securities worth $93.5 million exchanged hands.

Among the most heavily traded by volume, ESR-Reit was flat at $0.525, with 10.6 million units traded, while ARA H-Trust was unchanged at US$0.89 (S$1.21) with 9.4 million units traded.

Other active stocks included Venture Corp, which gained 1.4 per cent, or $0.22, to $16.24, and YZJ Shipbuilding which rose 1.3 per cent, or two cents, to $1.52.

Singtel also added 0.3 per cent, or one cent, to $3.51. This comes after the telco on Wednesday announced that its group's chief executive has seen her pay cheque hit a decade low, with her pay nearly halved to $3.5 million, and that the company has doubled down on its digital transformation strategy.

Meanwhile, banking stocks were all in the green in early morning trade - DBS gained 1.1 per cent or $0.27 to $25.75, UOB added 0.8 per cent or $0.20 to $25.87, and OCBC was up 0.6 per cent or seven cents to $11.32.