Singapore shares open higher on Wednesday; STI up 0.8%
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SINGAPORE stocks opened 0.8 per cent higher on Wednesday, with the Straits Times Index gaining 26.78 points to 3,524.98 as at 9.04am.
About 61 million shares worth S$143.5 million in total changed hands, which worked out to an average unit price of S$2.35 per share.
The most actively traded counter was Ezion, which fell S$0.003 to S$0.191 with 16.9 million shares changing hands. Other actives included Genting Singapore, with 5.4 million shares traded at S$1.20 apiece, and AusGroup with 5.27 million shares changing hands at S$0.05 a share.
Gainers outnumbered losers 99 to 53, or about two up for every one down.
Overnight, Wall Street stocks powered higher Tuesday on strong corporate earnings, with a strong showing from Netflix igniting a rally in technology shares.
Analysts said strong results gave the market the impetus to shift its fixation from trade war fears and other problems, according to AFP reporting.
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Elsewhere, Tokyo stocks also opened higher on Wall St's gains.
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