Singapore shares started the day higher. The Straits Times Index (STI) gained 0.2 per cent to 3,219.81 points in early trade after 44.8 million shares worth S$48.9 million changed hands in the broader market. 

In terms of companies to watch for today, we have Singapore Airlines, after the flag carrier and its budget arm Scoot flew close to 2.7 million passengers in April 2023. 

That’s an 85.5 per cent increase from the same month the year before when borders in Singapore were first fully reopened since the Covid-19 pandemic hit. 

Elsewhere, investors continue to monitor a slew of corporate developments from Elon Musk’s X making its first acquisition to Warren Buffet closing his position on Taiwan Semiconductor Manufacturing and Alibaba’s investments in Taobao shopping app. 

On Market View, the Drive Time team unpacked these developments with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.