Singapore shares open higher on Tuesday; STI up 1.2%

SINGAPORE stocks opened higher on Tuesday, with the Straits Times Index moving up 41.5 points or 1.2 per cent to 3,480.11 as at 9.16am.

About 142.4 million shares worth S$193.2 million changed hands.

Gainers outnumbered losers 174 to 48.

The most actively traded counters were Allied Tech,which rose 7 per cent, or 0.4 Singapore cent to 6.1 Singapore cents with 14.2 million shares traded; and Genting Singapore which was up 0.9 per cent, or one Singapore cent to S$1.13 with 13.8 million shares traded.

Other active stocks included Creative which was up 9 per cent to S$9.55, powered by hopes over its new audio product; and DBS which was up 1.57 per cent to S$28.44.