Singapore shares rose today as oil prices retreated from earlier highs. 

The Straits Times Index was up 1.74% at 4,839.48 points at about 2.11pm Singapore time, with a value turnover of S$1.33B seen in the broader market.

In terms of companies to watch, we have Suntec REIT, after property tycoon Gordon Tang’s Acrophyte Asset Management yesterday received approval from the Monetary Authority of Singapore to acquire ESR Trust Management (Suntec), the manager of Suntec Reit. 

Elsewhere, from how oil driven inflation could weigh on transport and logistics players on the SGX, to how Apple reportedly increased iPhone production in India by about 53 per cent last year, more corporate and international headlines remained in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.