Singapore stocks opened stronger today, following overnight gains on global markets amid rate cut hopes.

In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,148.31 points after  61.4 million securities changed hands in the broader market.

In terms of companies to watch today, we have DFI Retail Group. The group posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022. 

Meanwhile, from more on the European Central Bank’s latest decision to keep interest rates at current levels to Boeing set to make safety and quality a bigger metric for employee bonuses, more international 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.