Thursday, March 31, 2016

SGX Singapore Opening Market Update : Epic Research Singapore

SINGAPORE share prices bucked the regional trend to open 0.8 per cent lower on Thursday, with the Straits Times Index down 23 points to 2,849.78 at 9am.

On Wall Street, US stocks scored solid gains for the second straight session on Wednesday on good private-sector hiring figures and continued momentum from dovish commentary from the head of the Federal Reserve.

The Dow Jones Industrial Average gained 83.55 points (0.47 per cent) to 17,716.66. The broad-based S&P 500 rose 8.94 (0.44 per cent) to 2,063.95, while the tech-rich Nasdaq Composite Index climbed 22.67 (0.47 per cent) to 4,869.29.

In Asia, Tokyo shares followed suit, opening higher on Thursday. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.70 per cent, or 118.18 points, to 16,997.14 in opening deals, while the broader Topix index of all first-section shares gained 0.50 per cent, or 6.83 points, to 1,363.12.

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