The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: Microsoft will not roll out AI-powered “Recall”; Singtel’s Optus Mobile to defend proceedings filed by ACMA; Soilbuild Construction’s shares hit 5-year high on Tuas contract wins; BoJ holds rates, to reduce bond buying and more
Singapore equities began trading in negative territory today, mirroring overnight losses in Europe.
In the morning, the Straits Times Index (STI) opened 0.2 per cent lower at 3,319.11 points with 18.1 million securities having changed hands.
In terms of companies to watch today, we have Soilbuild Construction. Shares hit a 5-year high early on after the group announced that it had bagged a S$647.5 million Tuas Port construction contract the day before.
Elsewhere, from more on how Singtel’s Optus Mobile intends to defend proceedings filed by the Australian Communications and Media Authority regarding a 2022 cyberattack, to the Bank of Japan dialling down on its bond buying programme, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.
