Singapore shares rose today as investors continue to monitor global developments relating to trade. 

The Straits Times Index rose 0.8% to 3,967.74 points at about 12.50pm with a value turnover of S$654.88M in the broader market.

In terms of counters to watch, we have ESR REIT after the trust’s manager completed the divestment of a logistics property in Singapore for S$6.8 million.

Aside from that, investors continue to set their sights on DFI Retail Group after the supermarket and retail store operator yesterday announced the divestment of its Singapore food business to Macrovalue (Malaysia) at an initial purchase price of S$125 million.

Meanwhile, from Asian investors’ reaction to Xiaomi’s US$5.5 billion mega share sale and Hyundai’s US$21 billion investment in the US, to the Indonesian rupiah falling to the lowest since the Asian financial crisis and impact on SGX-listed counters with exposure to the country – more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with  Carmen Lee, Head of OCBC Investment Research.