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Singapore shares open 0.3 per cent up on Friday

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The US Federal Reserve lived up to expectations when it raised its short-term rate by 25 basis points on Wednesday, but more importantly for the bulls, it did not signal more than two more hikes this year.

SINGAPORE stocks opened 0.3 per cent higher on Friday, with the Straits Times Index rising 8.13 points to 3,171.65 as at 9.01am.

The blue-chip index continued to climb higher after markets rose with a Fed hike on Thursday.

About 76.1 million shares worth S$133.2 million in total changed hands, which worked out to an average unit price of S$1.75 per share.

The most actively traded counter was Blumont, which rose S$0.001 to S$0.004 with 5.5 million shares changing hands. Other actives included Keppel Corporation and Ntegrator International.

Gainers outnumbered losers 65 to 44, or about three up for every two down.

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