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Singapore shares open lower on Tuesday despite Wall Street gains

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SINGAPORE share prices opened lower on Tuesday with the Straits Times Index (STI) down 1.44 points to 2,822.07 as at 9.01am, despite US stocks having notched a fifth straight session of gains and a continued rally in oil prices. The STI was seen faltering at the close on Monday after having risen over six consecutive days during which it added 234 points.

Top gainers in early-morning trade on Tuesday included Ezra Holdings, Noble and Rex International.

Some 60.1 million shares worth S$71.3 million changed hands, with gainers outnumbering losers 80 to 38.

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