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May 16, 2024

Singapore shares started the day on a strong note tracking overnight gains in global markets.

In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,306.6 points after 75.2 million securities changed hands in the broader market.

In terms of companies to watch, we have Singapore Airlines. According to The Business Times, the national carrier is said to be rewarding eligible employees with a profit-sharing bonus of 7.94 months for FY2024, following the group’s record earnings.

Elsewhere from how after US core inflation hit its slowest in three years, to Tencent Holdings’ shares climbing on forecast-beating earnings, more international and corporate headlines remain in focus.

Plus – what does a contraction in the Japanese economy mean for the country’s central bank?