Singapore shares open 0.28% up on Wednesday

SINGAPORE shares opened higher on Wednesday with the Straits Times Index (STI) up 8.95 points, or 0.28 per cent, to 3,166.77 as at 9am. US stocks ended sharply higher overnight, led by financial and energy shares amid data that US consumer confidence has soared to a more than 16-year high. The Dow Jones Industrial Average snapped an eight-day losing streak.

Top gainers in early morning trade included DBS, Jardine C&C and Top Global. Some 82.4 million shares worth S$72.2 million changed hands, with gainers outnumbering losers 117 to 30.