Singapore shares were little changed this morning after previously ending higher on Federal Reserve chair Jerome Powell’s Jackson Hole comments signalling a September rate cut.

In early trade, the Straits Times Index (STI) was down slightly by 0.01 per cent, to 3,395.75 points after 36.6 million securities changed hands in the broader market.

In terms of developments to watch, we have Silverlake Axis. The enterprise technology company has received a voluntary unconditional offer to go private at S$0.36 per share in cash. 

Alternatively, shareholders may choose to receive a combination of cash and redeemable preference shares. 

Elsewhere, from a deep dive into comments by Fed officials Mary Daly and Thomas Barkin, and what big tech names like Nvidia can tell us about the longevity of the AI boom, more international and corporate headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.