Singapore shares rose in early trade today, tracking a Wall Street rally as the Federal Reserve took interest rates higher by 25 basis points overnight. 

But how have stocks, and in particular bank stocks, performed so far?

Meanwhile the property sector continues to make the headlines with a number of property firms announcing their distribution and top line figures. 

In particular, property developer Oxley saw a sharp decline in net profit for its first half. It was down all the way to some S$277,000 from S$23.5 million in the corresponding period a year ago. So why is this the case?

On Market View, the Drive Time team posed these questions to Terence Wong, CEO of Azure Capital.

Singapore shares rose in early trade today, tracking a Wall Street rally as the Federal Reserve took interest rates higher by 25 basis points overnight. 
But how have stocks, and in particular bank stocks, performed so far?
Meanwhile the property sector continues to make the headlines with a number of property firms announcing their distribution and top line figures. 
In particular, property developer Oxley saw a sharp decline in net profit for its first half. It was down all the way to some S$277,000 from S$23.5 million in the corresponding period a year ago. So why is this the case?
On Market View, the Drive Time team posed these questions to Terence Wong, CEO of Azure Capital.

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The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)

Market View: Bank stocks’ performance after 25bps rate hike by the US Fed, Keppel Pacific Oak Reit’s DPU down 12.6%, Oxley’s first half net profit tumbles, Adani Enterprises calls off US$2.5B share sale

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