Singapore shares opened lower today following news that the country’s economy grew 0.7 per cent on year for the third quarter of 2023.

In early trade, the Straits Times Index (STI) was down 0.7 per cent to 3,195.22 points after 34.6 million securities changed hands in the broader market. 

In terms of companies to watch today, we have Keppel Corporation. This comes as its private fund is acquiring two properties in Australia for A$198 million (S$175 million). 

The group said yesterday that it intends to lease out the properties to educational institutions. 

Meanwhile, the Monetary Authority of Singapore announced ahead of trading hours that it left monetary policy settings unchanged in October, though it intends to shift to a quarterly monetary policy statement schedule from 2024. But what bearing will this have on the Singapore stock market?

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.