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Singapore shares open 0.4% higher on Wednesday after firmer Wall Street

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SINGAPORE stocks opened 0.41 per cent higher on Wednesday, with the Straits Times Index adding 11.74 points to 2,908.29 as at 9.01am.

Nasdaq hit a fresh record, jumping 0.5 per cent to 5,275.91 points on Tuesday, up about 14 points from the last record set on Aug 15.The Dow Jones Industrial Average added 0.3 per cent to 18,538.12, while the broad-based S&P 500 rose 0.3 per cent to 2,186.48. Lacklustre US economic data reportedly boosted confidence that the Federal Reserve will continue to keep interest rates low.

In Singapore, about 73.7 million shares worth S$56.1 million in total changed hands. Gainers beat losers 80 to 35.

Top stocks by value traded were DBS, SGX and Singtel.