Singapore stocks declined this morning, despite data from the Ministry of Trade and Industry showing that the city-state’s economy grew 4.4 per cent in 2024.

The Straits Times Index (STI) opened 0.2 per cent lower at 3,873.76 points after 90.8 million securities changed hands in the broader market.

In terms of counters to watch today, we have Thai Beverage, after the food and drink company’s revenue grew 2.4 per cent on the year to 92.3 billion baht (S$3.7 billion) for the first quarter ended December 2024.

Elsewhere from the impact of the Monetary Authority of Singapore’s proposed introduction of tax incentives to spur listings and investments in the local equities market, to Apple and Google restoring ByteDances TikTok to their app stores – more local and corporate headlines remain in focus. 

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.