Singapore shares open 0.5 per cent up on Monday

THE local market opened 0.5 per cent higher as at 9.03am on Monday, with the Straits Times Index gaining 16.28 points to 3,369.73.

The blue-chip index was boosted by Wall Street gains on Friday, which saw the Nasdaq close at a record high while the S&P inched up a minor 0.1 per cent.

About 111 million shares worth S$153 million in total changed hands in early trading, which worked out to an average unit price of S$1.38 per share.

The most actively traded stock was Vallianz, which rose S$0.004 to S$0.056 with 10.1 million shares changing hands. Other actives included CEFC International and New Silkroutes.

Gainers outnumbered losers 106 to 47, or about nine up for every four down.