Wednesday, 28 December 2016

Singapore shares open higher on Wednesday

 Stock Signals

SINGAPORE offers opened higher on Wednesday with the Straits Times Index up 2.29 focuses, or 0.08 for every penny, to 2,888.05 at 9.05 am. 

Approximately 40 million shares worth S$27.5 million changed hands with gainers dwarfing failures 64 to 40. 

This takes after a bullish day on Wall Street where US stocks exchanged close to a record high in the midst of thin exchanging as oil posted its longest winning streak in four months. 

Treasuries fell in the midst of delicate request in a closeout of two-year notes, Bloomberg reported. 

Unrefined moved for a seventh day as the market expects that yield cuts from the Organization of the Petroleum Exporting Countries (Opec) and non-Opec makers will speed the disposal of a supply overabundance.

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