Singapore shares struggled to advance at the open today, as a mixed performance on global stock markets clashed with a better-than-expected performance of the country’s October non-oil domestic exports (NODX).

To recap, data from Enterprise Singapore showed that NODX shrank 3.4 per cent year on year, easing from steeper falls in preceding months. 

In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,114.28 points after 36.5 million securities changed hands in the broader market. 

In terms of companies to watch today, we have Singtel. The telecommunications operator clarified yesterday that the Nov 8 Optus network outage in Australia was not caused by the upgrade of Singtel Internet Exchange, STiX. 

Meanwhile, from Alibaba Group walking back on its plans to spin off and list its US$11 billion cloud business unit to Apple planning to make it easier to text between iPhones and Androids, more corporate headlines are in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.