Singapore shares open higher on Monday ahead of busy news week

SINGAPORE'S benchmark Straits Times Index (STI) opened on Monday at 2,866.01 points, up 6.89 points or 0.24 per cent, ahead of a week of newsflow that includes the renminbi's possible inclusion as a global reserve currency, expectations of European Central Bank easing, jobs data from the US to support a Federal Reserve hike in December, and rising Japan industrial output month on month.

Some 69 million shares worth almost S$200 million were traded. Gainers outmatched losers 64 to 60.

Top stocks traded by value were blue chips DBS, OCBC, City Developments, Global Logistic Properties and Singtel.