Singapore stocks rise at Tuesday's open; STI up 0.2%

SINGAPORE shares rose on Tuesday, with the benchmark Straits Times Index gaining about 0.2 per cent or 5.41 points to 2,487.96 as at 9.05am.The most active stock by volume was Sembcorp Marine, which moved up by 1.9 per cent or 0.3 Singapore cent to 16.5 cents after 28.3 million shares changed hands as at 9.05am.as the offshore and marine engineering group completed its S$2.1 billion recapitalisation exercise.

Also heavily traded was Singapore Telecommunications, which lost 0.5 per cent or S$0.01 to S$2.22, with 2.4 million shares traded, while Genting Singapore gained 1.5 per cent or S$0.01 to S$0.68, with 1.2 million shares traded. Singapore banks all recorded gains on Tuesday morning. DBS rose 0.1 per cent or S$0.01 to S$20.47, while OCBC edged up 0.1 per cent or S$0.01 to S$8.57. UOB gained 0.4 per cent or S$0.08 to S$19.45.

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