Singapore shares open higher on Monday after Wall Street's Friday rebound

SINGAPORE share prices opened higher on Monday with the Straits Times Index up 8.61 points or 0.29 per cent to 2,953.96 as at 9.10am, following a Wall Street rebound on Friday.

US stocks had rebounded after dipping on Thursday following a nine-day march. Telecom and utilities sectors, each rising 1.3 per cent, had led the Wall Street march on Friday.

US crude fell 56 cents or 1.2 per cent to settle at US$44.18. Brent was down 51 cents or 1.1 per cent at US$45.69.

Some 64 million shares worth S$85 million changed hands on Singapore bourse, with gainers outnumbering losers 102 to 56.