Singapore shares fell at the open this morning, led by declines from local banks.

In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,208.35 points after 53.6 million securities changed hands in the broader market.

In terms of companies to watch today, we have Singtel. The company reported that its net profit was down 12.5 per cent to S$465 million for the third quarter ended December due to a higher net exceptional loss mainly from Optus and Airtel.

Elsewhere, from more on Singapore’s inflation numbers to earnings out of SGX-listed firms and to Grabs poor outlook – more local headlines remain in focus. 

Also on deck –  Reddit filing for an IPO on the New York Stock Exchange, and Nvidia’s share price performance following its blockbuster results.

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.