Singapore shares rose today, following the Monetary Authority of Singapore’s announcement to leave monetary policy settings unchanged for the first time in over a year. That’s contrary to market expectations of a tightening.

In early trade, the Straits Times Index (STI) was up 0.4 per cent to 3,309.16 points after 25.4 million securities changed hands in the broader market.

In terms of companies to watch today, we have ST Engineering, after it won a S$200m contract for the Cross Island Line project. 

Elsewhere, investors continue to digest the latest US inflation figures after fresh data showed continued slowing of inflation, suggesting that the Federal Reserve’s tightening campaign was finally paying off. 

On Market View, the Drive Time team unpacked the latest developments for the week with Benjamin Goh, Head of Research and Investor Education, SIAS.