Singapore stocks fell during early trade today, led by declines from the banks. US markets were closed for the Thanksgiving holiday.

In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,105.08 points, after 89.7 million securities changed hands in the broader market.

In terms of companies to watch today, we have City Developments Limited. The property group and its joint-venture associates posted higher third-quarter sales of S$325 million, from S$281 million in the year-ago period. 

This came on the back of sales from its 408-unit residential development The Myst, for which the group sold 169 units since the project’s launch in July.

Elsewhere, from China reportedly weighing unprecedented builder support with unsecured loans to protests against Amazon in Europe on the traditionally busy Black Friday, more corporate headlines remain 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.