Singapore shares dipped slightly today as global markets continued reacting to the latest US Federal Reserve rate hike. 

In early trade, the Straits Times Index lost 0.1 per cent, to 3,267.32 points after 33.3 million securities were traded in the broader market.

In terms of companies to watch today, we have OUE Commercial real estate investment trust, after its manager announced yesterday a net property income of S$56.6 million for the first quarter of 2023, an 18 per cent increase from the same period last year. 

Elsewhere, investors continue to be laser focused on the regional banking sectors. 

More notably, shares of PacWest plunged 50.6 per cent in the previous session. The bank had confirmed an earlier Reuters report that it was exploring strategic options, including a potential sale or capital raise.  

On Market View, the Drive Time team discussed the latest market moves and views with Benjamin Goh, Head of Research and Investor Education, SIAS.