Singapore stocks remained relatively unchanged today following updates from the Monetary Authority of Singapore (MAS) that it will leave monetary policy settings unchanged.

The MAS announced this morning that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, extending the pause from its 2023 meetings, in line with market expectations.

In early trade, the Straits Times Index (STI) gained a marginal 0.01 per cent to 3,159.94 points after 32.9 million securities changed hands in the broader market.

CapitaLand Ascott Trust is in focus today after its distribution per stapled security rose 14.1 per cent year on year for the second half year ended Dec 31, 2023. 

Meanwhile, from China Evergrande ordered to liquidate, to the Red Sea shipping crisis sending waves through Asia’s fuel markets, more international headlines are on deck.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.