Singapore stocks inched up at the opening bell today, despite overnight losses on Wall Street amid analyst expectations of reduced Federal Reserve action. 

In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,192.3 points after 39.7 million securities changed hands in the broader market. 

In terms of companies to watch today, we have CapitaLand Integrated Commercial Trust. That’s after the REIT manager said in a business update today that it posted a net property income of S$293.7 million for its first quarter ended Mar 31, up 6.3 per cent year on year.

Meanwhile, from movements in oil prices following rising tensions in the Middle East and the impact on global markets, to chipmakers SK Hynix and TSMC working together to make next generation high bandwidth memory chips used in AI technology, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.