Singapore shares open 19.88 points higher on Wednesday

SINGAPORE share prices opened higher on Wednesday with the Straits Times Index (STI) up 19.88 points to 2,838.96 as at 9.00am. US stocks closed higher overnight, as the S&P 500 recorded a 2016 high on Tuesday after Federal Reserve chair Janet Yellen called for caution on raising interest rates.

Top gainers in early morning trade included Jardine C&C and Great Eastern. Some 46.8 million shares worth S$49.1 million changed hands, with gainers outnumbering losers 102 to 25.