Singapore shares open 0.4% higher on Monday

SINGAPORE stocks rose on Monday morning with the benchmark Straits Times Index up 12.13 points, or 0.39 per cent, to 3,151.96 as at 9.05am.

Some 249.5 million shares worth S$131.9 million changed hands, with gainers beating losers 98 to 42.

Banks like DBS, UOB and OCBC Bank emerged the top three gainers while top losers included Venture and Jardine C&C.

The euro spiked to a five-month high against the US dollar after early voting in the first round of the French presidential election showed centrist Emmanuel Macron and the National Front's Marine Le Pen were poised to reach the second round, said Bloomberg.