Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Shares of DFI Retail Group jumped 5.8% on sale of Singapore food business; Singapore’s core inflation dipped to 0.6% yoy in February; Jack Ma-backed Ant reportedly achieves AI breakthrough; Investors gearing up for US Tariffs in April; UOB, Nio to watch and more
Singapore shares rose today as investors look to kickstart the week on a positive note.
The Straits Times Index rose 0.22% to 3,934.91 points at about 2.40pm (2.42pm), with a value turnover of S$634.08M in the broader market.
In terms of companies to watch, we have DFI Retail Group after the firm announced today the divestment of its Singapore food business to South-east Asian retail conglomerate Macrovalue (Malaysia).
Elsewhere, from NIO's net loss deepening for the fourth quarter ended December, to Jack Ma-backed Ant Group reportedly using Chinese-made semiconductors to develop techniques to train AI models at a lower cost – more corporate and international headlines remain in focus.
Also on deck – how Singapore’s inflation fell further in February.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
