Singapore shares nudged higher today as investors mull the US Federal Reserve’s move to hold interest rates as expected.

The Straits Times Index was up 0.15% at 4,916.55 points at 1.31pm Singapore time, with a value turnover of S$918.03M seen in the broader market.

In terms of counters to watch, we have Sembcorp Industries, after the company said yesterday that its wholly owned subsidiary Sembcorp Power will supply memory chip giant Micron with an additional 150 megawatts of power to support a new Woodlands plant in capturing artificial intelligence demand. 

Elsewhere from how investors are making sense of earnings out of Microsoft and Meta, to how June is seen as the next likely window for a Federal Reserve rate cut, more corporate and international headlines remained in focus. 

Also on deck, how a report by The Information revealed that NVIDIA, Amazon and Microsoft are in talks to invest up to US$60 billion in OpenAI.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.