Singapore shares struggled to advance at the open today as banks and other index counters started the morning trading session in the red.

In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,154.90 points after 83.6 million securities changed hands in the broader market.

In terms of companies to watch for today, we have oil exploration and production company Rex International. 

That’s as the firm’s subsidiary Lime Petroleum is set to acquire a 17 per cent interest from two vendors in PL740 in the Norwegian North Sea. 

Meanwhile, from Intel shelving its planned chip operation expansion in Vietnam to Shares of Chinese EV makers sliding on a report that Tesla is planning a more affordable model for European consumers, more corporate headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Oriano Lizza, Sales Trader, CMC Markets.