15 October 2024
Market View: Record close on Wall Street, Dow closes above 43,000 for the first time; Nvidia closed at all-time high; Chinese banks reportedly set to trim rates of 300 trillion yuan of deposits; Oil prices extend losses; Developments at DynaMac and ST Engineering
Singapore stocks began the day trading in the green, mirroring overnight gains in overseas markets.
In early trade, the Straits Times Index (STI) rose 0.6 per cent to 3,618.49 points after 22.3 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Dyna-Mac, after Hanwha Ocean SG revised its final offer price to S$0.67 per share for all the issued ordinary shares of offshore oil-and-gas contractor Dyna-Mac.
Elsewhere, from Nvidia’s record close in the previous session, to how Chinese banks are reportedly said to trim rates on 300 trillion yuan (S$55 trillion) of deposits as soon as this week – more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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4 September 2024
Market View: Massive sell-off in tech stocks, Nvidia dow nearly US$280B in value; Movements in Asian chip stocks TSMC, SK Hynix, Samsung; SIA, Cathay Pacific Airways, Rolls Royce and Airbus A350s; CapitaLand Investment and outlook for REITS, property developers; Bitcoin’s slide amid risk-off mood
Singapore shares started trading in negative territory today, tracking overnight losses in global markets.
The Straits Times Index (STI) opened 1.7 per cent lower at 3,422.71 points after 50.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have CapitaLand Integrated Commercial Trust. The trust will issue 171.7 million new units at an issue price of S$2.04 apiece.
Elsewhere from the global tech rout we saw overnight with Nvidia shedding nearly US$280 billion in value to Singapore Airlines inspecting some engines in its A350-900 planes as a precaution after Cathay Pacific Airways identified an engine component failure on one of its flights – we’ve got more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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10 July 2024
Market View: Fed Chair Jerome Powell hints at rate cut; Yoma Strategic clarifies on reports against Exec Chairman; Sats restructures gateway services business; China’s June CPI disappoints; Baidu shares jumps popularity of robotaxis; Tesla’s weightage on Cathie Wood’s ARK Innovation ETF and more
Singapore stocks extended the previous day’s rally to open higher today, following a mixed overnight performance in global markets.
In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,434.74 points after 32.4 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Yoma Strategic, after the Myanmar-focused company today clarified that no charges have been filed against its executive chairman Serge Pun.
Elsewhere, from Sats restructuring its gateway services business to Beijing’s stance on robotaxis and the country’s inflation numbers – more corporate and international headlines remain in focus. Also on deck – Tesla and Cathie Wood.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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29 May 2024
Market View: IMF raises China’s growth forecast, Apple’s first store in M’sia, Vietnam’s inflation at 16-month high; Singtel and STT Telemedia Global Data Centre, Yoma Strategic’s earnings, CDL buys over Delfi Orchard
Singapore stocks started the day on a softer note, after US markets closed overnight mixed.
In early trade, the Straits Times Index (STI) dipped 0.1 per cent to 3,326.72 points after 51.2 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Singtel.  That’s after two sources with knowledge of the matter told Reuters that the telco is part of a consortium poised as a frontrunner to buy a minority stake worth US$1 billion in STT Telemedia Global Data Centre (STT GDC), one of Asia’s biggest data centre providers.
Elsewhere from Vietnam’s inflation hitting an 11-month high to Apple opening its first retail location in Malaysia next month, more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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20 March 2024
Market View: US FOMC meeting, dot plot - does the Fed still expect 3 rate cuts this year?; Samsung Electronics’ shares surged the most in 6 months on news report on Nvidia buying its chips; CapitaLand Investment, Frasers Logistics & Commercial Trust’s bonds; Chinese banks maintained benchmark lending rates; Prudential reports 43% yoy rise in new business profit
Singapore equities advanced at the opening bell this morning, mirroring overnight gains on global markets.
In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,180.94 points after 84.7 million securities changed hands in the broader market.
In terms of companies to watch for today, we have CapitaLand Investment. The asset manager has raised one billion yuan (S$187.1 million) from its inaugural sustainability-linked “panda” bond, which comes with a three-year tenor and a fixed coupon rate of 3.5 per cent per annum.
Elsewhere from how markets are reacting ahead of the US Federal Reserve’s latest interest rate decision, and the odds of the Fed still expecting three rate cuts this year – more international headlines are in focus.
Also on deck – Chinese banks maintaining their benchmark lending rates after the central bank’s recent decision to stand pat on monetary policy.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

Download this podcast.