Singapore stocks began the day trading in the green, mirroring overnight gains in overseas markets.
In early trade, the Straits Times Index (STI) rose 0.6 per cent to 3,618.49 points after 22.3 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Dyna-Mac, after Hanwha Ocean SG revised its final offer price to S$0.67 per share for all the issued ordinary shares of offshore oil-and-gas contractor Dyna-Mac.
Elsewhere, from Nvidia’s record close in the previous session, to how Chinese banks are reportedly said to trim rates on 300 trillion yuan (S$55 trillion) of deposits as soon as this week – more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.