Singapore shares open higher on global rally

SINGAPORE shares opened higher on Wednesday morning, lifted by the global stock market rally overnight.

The benchmark Straits Times Index (STI) opened up 10.13 points or 0.35 per cent at 2,911.95.

Seven minutes into morning trade, some 226.5 million shares worth S$107.4 million changed hands, with gainers outnumbering losers 108 to 45.

Among the most active counters were ST Engineering, CapitaLand and Vard.

Overnight, US government bond markets went into retreat as concerns about Brexit receded and optimism about the health of the US economy kept investors in an upbeat mood.