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Singapore stocks open higher on Tuesday—STI gained 0.5%

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Thai Beverage was the most actively traded stock by volume. It increased by S$0.005, or 1.1%, to S$0.445, with 6.4 million securities changing hands

The Straits Times Index gained 18.14 points, or 0.5%, to reach 3,422.61 as of 9:01 am, The Business Times reports.

. Singtel also increased by S$0.02, or 0.7%, to S$2.86. Local banks performed well in early trading. DBS rose by S$0.20, or 0.5%, to S$37.38. UOB experienced a notable increase, rising by S$0.53, or 1.6%, to S$33.06. OCBC also gained, going up by S$0.08, or 0.5%, to S$15.13.In Wall Street, two of three major indices closed at record highs on Monday as investors keenly awaited key inflation data to be released later this week.

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Singapore stocks rose on Tuesday—STI increased by 0.2%Yoma Strategic saw a rise of S$0.003 or 2.3% to S$0.136, while Genting Singapore increased by S$0.005 or 0.6% to S$0.85
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