Singapore shares open marginally higher on Wednesday

SINGAPORE shares opened higher with the benchmark Straits Times Index climbing 7.08 points to 2,859.49 at 9.01 am.

The gains have since narrowed with the STI up by merely 1.76 points to 2,854.17 as at 9.16am with 77 million shares worth S$82 million done. Gainers outpaced losers with 76 counters up and 64 down.

"Asia is expected to see another day of cautious trading, as the higher close in the European indices is unlikely to significantly boost sentiment," said IG market strategist Bernard Aw.

"Although we could see better interest ahead of the US markets' reopening after a three-day weekend, there is no doubt investors are going to focus on China, after Monday's mixed performance," Mr Aw added.