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Singapore shares open 19.88 points higher on Wednesday

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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.

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