Singapore shares open Thursday with strong gains

$FTSE Singapore Straits Time Index (.STI.SG)$ was up 20.82 points or 0.7 per cent at 3,191.58 as at 9.01 am. Across the broader market, gainers outnumbered losers 87 to 28 after 57.5 million securities worth S$57.4 million changed hands.

Shares of concrete manufacturer and supplier $Abundante (570.SG)$ were the most actively traded on Thursday morning in terms of volume, with six million securities changing hands, though the counter remained flat at S$0.21.

Index stocks $Seatrium (S51.SG)$ and $ThaiBev (Y92.SG)$ (ThaiBev) were also briskly traded at the open.

Wall Street equities rose again on Wednesday, as markets remained broadly optimistic on 2024. $Dow Jones Industrial Average (.DJI.US)$ finished up 0.3 per cent at 37,656.52, topping a record set last week. The broad-based $S&P 500 Index (.SPX.US)$ gained 0.1 per cent to 4,781.58, while the tech-rich $Nasdaq Composite Index (.IXIC.US)$ added 0.2 per cent to 15,099.18.