Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: Hatten Land and Quantum Healthcare’s leasing agreement; Securities turnover on SGX up 23% m-o-m in May; Banking sector outlook; US CPI data release; Central bank actions in focus - China cuts short term borrowing costs; Fed, ECB, BoJ rate decisions

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Singapore shares opened lower today in contrast to largely positive trading sessions in the global markets.  

The Straits Times Index (STI) was down 0.2 per cent to 3,189.22 points in early trade after 65.1 million securities changed hands.

In terms of companies to watch for today, we have Hatten Land and Quantum Healthcare. 

The Catalist-listed medical group has signed a tenancy agreement to occupy 138,769 square feet of rental space at Hatten Land’s Imperio Mall@Hatten City in Melaka, Malaysia. 

Meanwhile, a series of central bank actions in Europe, Japan are set to take the centre stage this week. Not to mention China’s central bank lowering a short-term lending rate for the first time in 10 months to restore market confidence and prop up a stalling post-pandemic recovery. 

On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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