Singapore shares open 7 points higher on Tuesday

THE Singapore bourse opened higher on Tuesday, with the key Straits Times Index up 7.06 points at 3,220.63 as at 9.01am.

Some 80 million shares worth S$81 million were done with 76 counters up and 44 down.

The modest gains followed Wall Street's higher closing overnight which nearly recouped last week's sharp loss fuelled by the political storm surrounding the US presidency.

The Dow Jones Industrial Average finished 0.4 per cent up while the S&P 500 rose 0.5 per cent and the Nasdaq Composite climbed 0.8 per cent.