Singapore stocks open 0.5 percent higher

Singapore shares opened higher, with the Straits Times Index up 0.53 percent or 14.45 points at 2,754.15.

Turnover was at 106.3 million shares valued at $268 million or US$190 million. Gainers led losers by 79 to 42.

Shares of Parkway Holdings increased 70 cents at $3.72 after a report that India’s Fortis Healthcare is considering to release a counter-offer for the Singapore-based firm.

Other advancers included Jardine Matheson, Jardine Strategic, Great Eastern Holdings, Singapore Airlines and City Developments.