Singapore shares open higher on Monday

SINGAPORE shares opened higher on Monday morning following a rally in US stocks last Friday.

By 9.08 am, the benchmark Straits Times Index edged up 13.08 points, or 0.38 per cent, to 3,437.72.

Some 67.3 million shares worth S$126.8 million changed hands while gainers outnumbered losers 93 to 50.

Gainers straight-out-the gate included the three local banks, City Developments and ComfortDelGro.