Your Way Home with Hongbin JeongMarket View: Surprise bump in US Feb PPI, Impact on STI; No Signboard resumes trading after over 2yrs, shares down 90% in early trade; Frasers Logistics and Commercial Trust acquires stake in logistic assets in Germany; Great Eastern, Sabana Reit vs minority shareholders; US reportedly plans to award over US$6b to Samsung Electronics; TSMC’s shares surged over 110% from Oct 2022 - are shares overbought?
Singapore stocks fell this morning, after global equities took a hit overnight.
In early trade, the Straits Times Index (STI) fell 0.9 per cent to 3,156.74 points after 97 million securities changed hands in the broader market.
In terms of companies to watch today, we have restaurant operator No Signboard. Thecounter resumes trading today, more than two years after it voluntarily suspended its trading.
Elsewhere from more on Frasers Logistics and Commercial Trust to TSMC shares surging over 110 percent from an October 2022 low, more corporate headlines remain in focus.
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.
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