Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe.

In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market. 

In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality. 

Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week. 

On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more. 

Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market. 
In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality. 
Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week. 
On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: JP Morgan Chase’s takeover of First Republic Bank; US Fed’s interest rate decision; Bumper profits from HSBC; DBS posting 43% yoy gain in Q1 net profits; PropNex shares fall some 15% from previous week’s highs; Wilmar International, Sheng Siong and Micro Mechanics’ earnings

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