Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: US GDP grew faster than expected in Q4; Frasers Centrepoint Trust closes private placement; ProsperCap’s debut, LHN Group’s contract with MOH Holdings; Cordlife’s substantial shareholders sells off 4.6m shares; Singapore’s factory output contracted 2.5% yoy in Dec; Chinese regulators grant over 100 video game licences

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Singapore stocks began trading stronger today, following overnight gains on global markets.

In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,150.09 points after 34.2 million securities changed hands in the broader market.

In terms of companies to watch today, we have Frasers Centrepoint Trust, after the trust’s private placement to raise S$200 million closed at the issue price of S$2.18 (2 Singapore dollars and 18 cents) per new unit.

Elsewhere, from China granting video game licences to the latest US GDP numbers out last night – more local and international 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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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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