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Singapore shares open flat on Monday

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SINGAPORE shares opened flat on Monday morning, even as US stocks pushed deeper into record territory last week.

The benchmark Straits Times Index (STI) was up 0.58 points or 0.02 per cent at 3,108.23 as at 9.02am.

Turnover was 164.9 million worth S$128.9 million, with gainers beating losers 101 to 46.

Among the most active were Noble, SingPost and Rowsley.

US benchmark index S&P 500 clocked its biggest weekly gain in six weeks and ended last Friday's session with a fresh closing record, with the financials sector posting its best week in 10, lifted by expectations of higher interest rates and hopes of lighter regulation under US President Donald Trump

Back home, Finance Minister Heng Swee Kiat will present Budget 2017 to Parliament. In the week ahead, investors can watch out for the Greek bailout and minutes of the Federal Reserve's last meeting, among other things.

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