Singapore shares rise at Wednesday’s open

As at 9.01 am, the $FTSE Singapore Straits Time Index (.STI.SG)$ rose 0.6 per cent or 20.37 points to 3,194.3. Gainers outnumbered losers 84 to 31, after 77.9 million securities worth S$66.7 million changed hands.

The most active counter by volume was $Seatrium (S51.SG)$ which opened flat at S$0.107 with 26.4 million securities traded. $Genting Sing (G13.SG)$ , another heavily traded counter, was up 0.9 per cent or S$0.01 at S$1.08, with 5.4 million shares transacted.

Index counter $Singtel (Z74.SG)$ traded 0.8 per cent or S$0.02 higher at S$2.42, and $Keppel Reit (K71U.SG)$ fell 0.6 per cent or S$0.005 to S$0.85.

Wall Street stocks ended higher as regional banking stocks picked up, with the embattled $First Republic Bank (FRC.US)$ recouping some of its losses from earlier this week. The broad-based $S&P 500 Index (.SPX.US)$ rose 1.3 per cent to 4,002.87, while $Dow Jones Industrial Average (.DJI.US)$ ended 1 per cent higher at 32,560.6. Meanwhile, the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ gained 1.6 per cent to close at 11,860.11.