Singapore shares opened firmer, with the benchmark Straits Times Index (STI) rising 32.22 points, or 0.63%, to 5,149.08 in early trade.
As of 9.14am, the local bourse recorded 138 gainers against 63 decliners, with 69.2 million shares worth S$187.45 million changing hands.
Banking stocks were among the early movers. DBS Group Holdings rose 0.66% to S$64.15, while OCBC Bank traded at S$24.47 and United Overseas Bank stood at S$39.23.
Singapore Exchange shares were at S$24.24, while Singtel traded at S$4.34. Technology company AEM Holdings was at S$10.14 and ST Engineering stood at S$10.93.
Across the broader market, the iEdge Singapore Next 50 Index rose to 1,532.99, while the iEdge S-REIT Index was at 1,050.41.
In the derivatives market, trading volume reached 22,260 contracts. FTSE China A50 Index Futures for June were at 15,628.00 with 1,276 contracts traded, while Nikkei 225 Index Futures for September stood at 69,630.00.
The positive start came after Wall Street ended mixed overnight, with the Dow Jones Industrial Average reaching another record high despite weakness in technology stocks weighing on the Nasdaq Composite.
