Singapore shares fell this morning, mirroring losses in global markets.

In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,291.7 points after 40.9 million securities changed hands in the broader market.

In terms of companies to watch, we have for you Suntec Real Estate Investment Trust, after the Reit posted a distribution per unit (DPU) of S$0.01737 (1.73 Singapore cents) for the first quarter of 2023, a 27.4 per cent decline from the same period a year ago. 

Meanwhile, mixed earnings reports in the US continue to weigh on investors though we saw promising earnings from Microsoft and Alphabet after markets closed. 

On Market View, the Drive Time team unpacked these developments with Carmen Lee, Head of OCBC Investment Research.

Singapore shares fell this morning, mirroring losses in global markets.
In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,291.7 points after 40.9 million securities changed hands in the broader market.
In terms of companies to watch, we have for you Suntec Real Estate Investment Trust, after the Reit posted a distribution per unit (DPU) of S$0.01737 (1.73 Singapore cents) for the first quarter of 2023, a 27.4 per cent decline from the same period a year ago. 
Meanwhile, mixed earnings reports in the US continue to weigh on investors though we saw promising earnings from Microsoft and Alphabet after markets closed. 
On Market View, the Drive Time team unpacked these developments with Carmen Lee, Head of OCBC Investment Research.

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The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

The Evening Runway with Elliott Danker, Timothy Go & Chua Tian Tian (4pm - 7pm)

Market View: Microsoft and Alphabet’s results top estimates; Alibaba’s cloud computing division slashes prices by up to half; MAS’ half-yearly macroeconomic review; Suntec REIT’s DPU down 27.4% yoy

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