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Singapore shares open 0.2% up on Wed


SINGAPORE stocks opened 0.2 per cent higher on Wednesday, with the Straits Times Index advancing 6.4 points to 2,894.62 as at 9am.

The blue-chip index gained after a strong overnight lead on Wall Street, which had been buoyed by a crude oil rally and positive data on consumer confidence in the United States.

About 37.5 million shares worth S$31.8 million in total changed hands as at 9am, which worked out to an average unit price of S$0.85 per share.

The most actively traded counter was commodities trader Noble Group, which fell S$0.02 to S$0.420 with five million shares changing hands. Other actives included Ying Li International and LionGold.

Gainers outnumbered losers 82 to 40, or about two up for every one down.