Singapore's STI opens 0.25% higher on Friday

SINGAPORE share prices opened higher on Friday, with the Straits Times Index up 8.59 points or 0.25 per cent to 3,440.18 as at 9.05 am.

This is despite tepid losses in the US markets. The Dow Jones Industrial Average fell 40.31 points (0.23 per cent) to 17,678.23 after falling below 17,600 earlier in the session. The broad-based S&P 500 dropped 4.90 points (0.24 per cent) to 2,056.15, while the tech-rich Nasdaq Composite Index shed 13.16 points (0.27 per cent) at 4,863.36.

Top gainers in early morning trade include UOB, DBS and City Developments Limited.

Some 122.9 million shares worth S$93.6 million changed hands, with gainers outnumbering losers 90 to 54.