Singapore shares inched lower today even as global markets rallied the day before.

In early trade, the Straits Times Index dropped 0.2 per cent to 3,213.10 points after 19.2 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Olam Group. That’s after the group denied allegations made in recent media reports about its Nigerian unit and its subsidiaries being involved in a multibillion-dollar fraud. 

Elsewhere, Alibaba Group’s focus on AI and user experience and the surprise move by former CEO Daniel Zhang to leave the company over the weekend remain in focus. 

Not to mention, Pfizer-BioNTech and Moderna receiving the US FDA’s authorisation for their updated Covid-19 vaccines.

On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Matthias Chan, Head of Research at SAC Capital.

Singapore shares inched lower today even as global markets rallied the day before.
In early trade, the Straits Times Index dropped 0.2 per cent to 3,213.10 points after 19.2 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Olam Group. That’s after the group denied allegations made in recent media reports about its Nigerian unit and its subsidiaries being involved in a multibillion-dollar fraud. 
Elsewhere, Alibaba Group’s focus on AI and user experience and the surprise move by former CEO Daniel Zhang to leave the company over the weekend remain in focus. 
Not to mention, Pfizer-BioNTech and Moderna receiving the US FDA’s authorisation for their updated Covid-19 vaccines.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Matthias Chan, Head of Research at SAC Capital.

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: Olam Group denies allegations on Nigerian unit; Alibaba to prioritise AI and user experience, former CEO Daniel Zhang quits; US FDA authorises updated Covid-19 vaccines for Pfizer/BioNTech, Moderna

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