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.

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.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: US regional banks in focus; PacWest plunges 50.6%; Adidas’ Q1 sales down 1% yoy; Proposal by Ping An to split HSBC’s Asia business; Ant Group considers selling stake in HK virtual banking unit; Singapore stock market wrap; OUE C-REIT’s net property income up 18% in Q12023; AIMS APAC REIT’s DPU up 11.3% yoy

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