Singapore shares open marginally higher on Friday

SINGAPORE shares opened 0.16 per cent higher on Friday, with the Straits Times Index (STI) up 5.03 points to 3,237.12 at 9.05am, despite the decline in US stock indices.

The highest value traded stocks were Singtel (up two cents to S$3.79), Jardine Strategic Holdings (down two cents to US$41.70), and DBS (down one cent to S$20.40) at 9.05 am. Overall, 38.7 million shares worth S$66.8 million changed hands, with gainers outnumbering losers 66 to 44.

On Wall Street, the Dow Jones Industrial Average fell 14.66 points, or 0.07 per cent, to 21,359.9, the S&P 500 lost 5.46 points, or 0.22 per cent, to 2,432.46 and the Nasdaq Composite dropped 29.39 points, or 0.47 per cent, to 6,165.50.