Singapore shares open 0.63% higher on Wednesday

SINGAPORE shares opened higher on Wednesday, with the benchmark Straits Times Index up 19.9 points, or 0.63 per cent, to 3,163.93 at 9.03 am.

Some 137.7 million shares worth S$82.1 million changed hands with gainers outnumbering losers 112 to 31.

Among the top gainers were AEM, City Developments and DBS, while top losers were UOB Bank, Keppel Corp and SGX.

Asian markets also opened higher on Wednesday, following indices in the United States which were buoyed by an earnings-fuelled rally.

The Nasdaq Composite Index topped 6,000 for the first time on record while the Dow Jones Industrial Average rose more than 200 points amid strong quarterly results from blue-chip firms Caterpillar Inc and McDonald's Corp, said Bloomberg.