The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: Expectations on US August PCE Price Index; Chinese stocks to register best week since 2008 on stimulus measures; Divergence in movements of Yangzijiang counters; Wilmar International hot stock of the day; CapitaLand Integrated Commercial Trust to issue new units; US government’s US$8.5 billlion funding for Intel
Singapore stocks began the day trading in negative territory, despite overnight gains in global markets.
In early trade, the Straits Times Index (STI) dropped 0.1 per cent to 3,580.11 points after 30.8 million securities changed hands in the broader market.
In terms of companies to watch today, we have CapitaLand Integrated Commercial Trust. The trust will issue 377.3 million new units to raise gross proceeds of about S$757.2 million from its preferential opening that closed on Tuesday.
Elsewhere from how shares of Yangzijiang Shipbuilding and Yangzijiang Financial traded divergently earlier today to Chinese stocks set to register its best week since 2008 – more corporate and international headlines remain in focus.
Also on deck – one last look at expectations for the US August PCE price index due tonight.
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.
