Singapore Exchange : Opening market update


  • Singapore share prices opened higher on Thursday with the Straits Times Index up 11.01 points to 2,737.97 as at 9am.
  • US markets rose overnight, while oil futures gained. Attention is also building over China’s National People’s Congress (NPC), which will convene on March 5 for its annual meeting.
  • “We expect the 2016 NPC to put a priority on growth stabilisation, while reiterating the commitment to economic adjustment and structural reforms amid a challenging environment,” Barclays said in a report this week. “If the NPC endorses a target range of 6.5-7.0 per cent for 2016 GDP growth, we think achieving this will be a difficult task.”
  • Top gainers in early-morning trade in Singapore included DBS, Singapore Airlines and UOB.
  • Some 29 million shares worth S$56.7 million changed hands, with gainers outnumbering losers 70 to 29.

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