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.

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.

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: MAS keeps policy settings unchanged; CapitaLand Ascott Trust’s DPU up 14.4% yoy; Hong Kong court orders China Evergrande Group’s liquidation; China approves 40 AI models for public use; Samsung Electronics to feature Baidu’s Ernie on Galaxy S24 smartphones; Red Sea shipping crisis sends waves through Asia’s fuel markets

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