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Singapore shares open 0.1 per cent up on Tuesday


The local market opened 0.1 per cent higher as at 9:04 am on Tuesday, with the Straits Times Index managing to eke out a 3.44-point gain to 3,376.92 despite a commodities rout.

The muted advance followed a flat finish on Wall Street overnight.

About 176 million shares worth S$127 million in total changed hands, which worked out to an average unit price of S$0.72 per share. Gainers outnumbered losers 88 to 54.

The most actively traded stock was New Silkroutes, formerly known as Digiland International, which was flat at S$0.002 with 39 million shares changing hands. Other actives included S-chip Foreland FabriTech and Sino Construction.

The Singapore Exchange issued a "trade with caution" warning on Foreland FabriTech on Tuesday before the market opened, saying that there had been a "substantial increase" in the stock's traded volume on Monday that the company could not explain.