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Singapore shares open 0.1% up on Tuesday

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SINGAPORE stocks opened 0.1 per cent higher on Tuesday, with the Straits Times Index advancing 2.24 points to 3,322.91 as at 9:03am. This came as US stocks edged higher overnight with a strong second-quarter earnings season continuing to attract more funds to the US equity market.

The Dow registered its ninth record closing high in a row, while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy.

On the Singapore bourse, about 50 million shares worth S$81.3 million in total changed hands, which worked out to an average unit price of S$1.63 per share.

The most actively traded counter was Rowsley, which fell S$0.002 to S$0.106 with 9.7 million shares changing hands.

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Other actives included Singtel and YZJ Shipbuilding SG.

The field was roughly evenly matched, with 62 gainers to 59 losers.

Elsewhere, Japan's Topix was flat while Australia's S&P/ASX 200 Index added 0.2 per cent. South Korea's Kospi index advanced 0.3 per cent and futures on Hong Kong's Hang Seng Index slipped 0.2 per cent, Bloomberg reported.