Singapore shares open 0.19% higher on Wednesday

SINGAPORE stocks rose early on Wednesday following overnight gains in US equities, with the Straits Times Index adding 4.93 points or 0.19 per cent to 2,649.51 as at 9.02am.

Gainers outnumbered losers 61 to 48, or about six up for every four down, with 79 million shares worth S$109.6 million traded.

Genting Singapore was among the most active counters out of the gate, gaining 1.4 per cent or one Singapore cent to 70 Singapore cents as at 9.02am.

CapitaLand added 0.3 per cent or one Singapore cent to trade at S$2.91 after posting a 39.5 per cent drop in profit for the fourth quarter.