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SIA Was A Star Performer Among The Outgoing Travel Recovery. How Long Could It Remain This Momentum? (Money FM)

Nov 16, 2023

Singapore stocks opened weaker today amid heavy trading on real estate investment trusts and declines among index counters.
In early trade, the Straits Times Index (STI) headed down 0.5 per cent to 3,115.97 points after 52.6 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines. The national carrier yesterday posted a 24.5 per cent year-on-year increase in passenger traffic in October, amid robust passenger traffic across all its route regions.
Elsewhere from SpaceX receiving approval for the second launch of its groundbreaking Starship rocket to Barclays attracting strong investor orders for an additional tier 1 (AT1) sale, more corporate headlines remain in focus.