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Singapore shares open higher on Tuesday

SINGAPORE share prices opened higher on Tuesday with the Straits Times Index up 10.43 points to 3,077.78 as at 9.07am, recovering from a drastic 46.9-point or 1.5 per cent drop to 3,067.35 on Monday.

In Tokyo, stocks opened 0.1 per cent higher on Tuesday following gains in US shares. The Nikkei 225 index at the Tokyo Stock Exchange rose 20.33 points to 20,640.59 yen at the start.

On Wall Street, gains by Disney, Apple and other large equities helped lift US stocks into positive territory on Monday ahead of the Federal Reserve's meeting's minutes. The Dow Jones Industrial Average rose 67.78 points (0.39 per cent) to 17,545.18. The broad-based Standard & Poor's 500 index advanced 10.90 (0.52 per cent) to 2,102.44, while the tech-rich Nasdaq Composite Index jumped 43.46 (0.86 per cent) to 5,091.70.

As at 9.01am on Tuesday, Noble was up 3.3 per cent to S$0.47 after announcing that it was keeping all options open to preserve the strength of its balance sheet, even if it meant selling core businesses. YuuZoo was up 6.25 per cent to S$0.17 after acquiring assets of Shanghai-based mobile game developer Camigo Media.

The most active stocks also included a number of real estate investment trusts, such as CapitaLand Commercial Trust, CapitaLand Mall Trust, Suntec Reit and Ascendas India Trust.

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Some 93.6 million shares worth S$98.4 million changed hands in early trading, with gainers outnumbering losers 86 to 67.

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