Singapore stocks advanced this morning, following better-than-expected gross domestic product growth in the second quarter of 2024.

The Straits Times Index (STI) opened 0.5 per cent higher at 3,492.95 points after 70.2 million securities changed hands in the broader market.

In terms of companies to watch today, we have Mapletree Logistics Trust after the trust’s manager said it expects negative rental reversions in China to persist over the next few quarters. 

Meanwhile, from a quick look at Singapore’s Q2 GDP numbers to Tesla’s frenetic rally losing steam, more local and corporate headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments moving markets for the day.