Singapore shares open higher on Wednesday

SINGAPORE share prices opened 0.46 per cent higher on Wednesday with the Straits Times Index up 13.08 points to 2,883.86 at 9.03am.

This was despite Tokyo stocks opening lower on Wednesday as a stronger yen hit exporters. But on Wall Street, the Nasdaq composite rose to a record-high close on Tuesday while other major indices hovered near their own recent all-time highs in a session with thin trading volume.

On the Singapore bourse, the highest value traded stocks were Singapore Telecommunications (flat at S$4.20), DBS Bank (down 10 cents to S$14.94) and Jardine Matheson Holdings (down 17 US cents to US$57.59).

Overall on the stock market, 57.1 million shares worth S$137 million changed hands. Gainers outnumbered losers 99 to 33 as at 9.03am.