Singapore shares opened lower today after Wall Street booked overnight gains on improving sentiment.
The Straits Times Index (STI) was down 0.1 per cent to 3,183.55 points in early trade after 92.4 million securities changed hands in the broader market.
In terms of companies to watch today, we have Thomson Medical Group after the Singapore-based healthcare company was reported by Bloomberg to be in advanced talks to purchase a controlling stake in Vietnam’s FV Hospital.
Elsewhere, investors continue to keep their eyes on the US market after a forecast busting jump in jobless claims figures cemented beliefs that Federal Reserve officials would pause interest rate hikes this month.
Also worthy of note is the broad based S&P 500 entering a bull market after rising over 20 per cent from its October low.
On Market View, the Drive Time team unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
Market View: Creative shares soared over 21% on tie-up with Skyworth; Delivery Hero in talks to sell foodpanda business, Grab tipped in media reports as potential buyer; MAS to raise maximum deposit insurance coverage per depositor to S$100k; Fed, BoE, BoJ interest rate decisions