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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Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong

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