SINGAPORE shares opened higher on Wednesday after US Federal Reserve chair Janet Yellen signalled a hike in interest rates was unlikely before mid-year.At 9.20am, the benchmark Straits Times Index was up 2.61 points at 3,440.22. About 148 million shares, valued at S$124 million, changed hands. There were 108 gainers to 71 losers.
The most active stock was Genting Singapore, down six cents to S$0.985 a share due to the lower revenue and earnings it reported on Tuesday.
Singapore Exchange was up six cents at S$8.28 a share, despite CEO Magnus Bocker's surprise announcement that he was leaving the company after his contract ends this June.
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