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Singapore shares open higher on Wall St rally, rebound in oil price

There were no surprises in Monday's trading as the Straits Times Index dropped 37.76 points or 1.44 per cent to 2,593 following Friday's Wall Street blowout and a slide in oil to US$28 per barrel.

SINGAPORE shares opened higher on Friday following Wall Street's overnight rally alongside a rebound in oil price.

The benchmark Straits Times Index (STI) opened up 0.47 per cent or 12.30 points at 2,656.87 at 9.03am.

Some 65.7 million shares worth S$84.9 million changed hands, with gainers outnumbering losers 98 to 21.

Among the more active counters were Tigerair, Jumbo and CapitaCom Trust.