Singapore shares open higher on Tuesday

SINGAPORE share prices opened higher on Tuesday with the Straits Times Index up 0.19 per cent or 5.37 points to 2,880.02 at 9.03am.

This was despite Tokyo stocks opening lower on Tuesday, dragged down by a firmer yen, and Wall Street easing from record highs.

On Wall Street, stocks retreated on Monday, ending a four-day streak of record closes for the Dow, as nervousness over the holiday shopping season hit shares of leading retailers.

On the Singapore bourse, the highest value traded stocks were United Overseas Bank (up 14 cents to S$20.18), Global Logistic Properties (up one cent to S$2.04) and DBS Bank (down nine cents to US$17.26).

Overall on the stock market, 70 million shares worth S$88.5 million changed hands as at 9.03am. Gainers outnumbered losers 70 to 58.