Singapore shares open marginally higher on Tuesday

SINGAPORE share prices opened flat on Tuesday with the Straits Times Index (STI) up by 2.04 points or 0.07 per cent to 2,915.12 as at 9.01 am as the Trump stock market rally continued on Monday on Wall Street.

Some 35.2 million shares worth S$48.8 million changed hands, with gainers outnumbering losers 75 to 49.

Wall Street indices extended gains on Monday fed by hopes from President-elect Donald Trump's pro-business stance and his pledge to expand infrastructure spend.

But the Dow Jones Industrial Average still failed to breach 20,000 points after climbing 39.65 points or 0.2 per cent to 19,883.06.

Oil prices were little changed in quiet pre-Christmas trade as the market continued to weigh the extent to which US shale output may ramp up despite Opec and non-Opec producers reaching a pact to cut conventional crude production.