Market View: Tech-led rally in Asia, Micron’s earnings; OpenAI reportedly discussing making company a for-profit business; First Sponsor raises S$244m from rights (Money FM)

Singapore stocks began today trading in negative territory, mirroring overnight losses in global markets. In early trade, the Straits Times Index (STI) decreased 0.3 per cent to 3,573.67 points after 36.1 million securities changed hands in the broader market. In terms of companies to watch, we have First Sponsor. The mainboard-listed property developer has raised … Read more

Market View: US Fed’s outsized 50bps cut; rates to be 2.75 to 3 per cent in 2026; Market reactions; SK Hynix shares plunge on Morgan Stanley downgrade; Oiltek’s new contracts (Money FM)

Singapore stocks started the day on a muted note, after US indices and Europe’s main stock index fell overnight. In early trade, the Straits Times Index (STI) rose 0.02 per cent to 3,593.18 points after 17.8 million securities changed hands in the broader market. In terms of companies to watch, we have Oiltek International. The … Read more

Market View: Is the slide in Nvidia’s shares warranted?; 94th birthday present for Warren Buffett; SGX earnings – Prudential and PEC & more (Money FM)

Singapore shares slumped at the opening bell today after global equities ended mixed overnight. In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,386.25 points after 25.4 million securities changed hands in the broader market. In terms of companies to watch, we have Prudential. Its new business profit – a … Read more

Market View: US Fed minutes; StarHub appoints DBS group exec as independent director; Xiaomi shares up some 8.5% after reporting fatest pace ofquaterly Revenue Growth (Money FM)

  Singapore shares started trading in negative territory today despite overnight gains in global markets. The Straits Times Index (STI) opened 0.3 per cent lower at 3,364.53 points after 23.9 million securities changed hands in the broader market. In terms of companies to watch, we have StarHub. That’s as the telco appointed DBS Singapore group … Read more

Fed holds rates, hints at Sep cut; UOB, SIA, Keppel earnings; Nikkei movements amid BoJ hike; Stellar results from AMD, Preview of Apple’s earnings; Stocks to watch amid Paris Olympics (Money FM)

Singapore shares opened lower this morning, despite US and Europe indices rallying overnight. In early trade, the Straits Times Index (STI) fell 0.4 per cent to 3,443.49 points after 59.4 million securities changed hands in the broader market. In terms of companies to watch, we have UOB. The bank said today that its net profit … Read more

Higher For Longer Interest Rate Environment Bodes Well For Banks? (Money FM)

Singapore equities began trading in positive territory today, as global sentiment remained upbeat after data showed US consumer prices were unexpectedly unchanged in May. The Straits Times Index (STI) opened 0.6 per cent higher at 3,326.33 points after 64 million securities changed hands in the broader market. In terms of companies to watch, we have … Read more