Singapore shares inched 0.55% higher this week as Fed signals slower pace of rate cuts. Fed Chair Jerome Powell said on Thursday the central bank did not need to rush to lower interest rates due to ongoing economic growth, a solid job market and inflation that remains above its 2% target.In terms of star stocks, Riverstone jumped 10.99%; Frasers Property gained 3.37%.Market NewsSingTel sees improved full-year growth as half-year profit risesSingapore Telecommunications posted a 6% rise in underlying net profit for the half-year and gave improved guidance for the full year on Wednesday, underpinned by strength at its Australia unit Optus and technology services business NCS.Southeast Asia's largest telecoms provider also said it expects its earnings before interest and tax (EBIT) to grow at

Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.4%; SIA and UOB rose 0.5%; DBS and OCBC rose 0.4%; Seatrium and SGX rose 0.5%; Sats rose 1.3%; Nio fell 4.8%.Stocks to Watch$SGX(S68.SI)$: Total securities market turnover value on the bourse increased 75 per cent year on year to S$30.38 billion in September, marking a 5.6 per cent increase from August’s S$28.76 billion. The growth in securities trading activity comes amid easing monetary policies and China’s stimulus package, which fuelled optimism and portfolio repositioning. Shares of SGX closed 1.8 per cent or S$0.21 higher at S$11.61 on Wednesday.$Metro(M01.SI)$: The department-store operator has acquired a freehold prime offic

Market SnapshotSingapore stocks opened higher on Tuesday. STI up 0.2%; Sembcorp up 1.7%; Seatrium up 1.6%.Stocks to Watch$SEMBCORP INDUSTRIES LTD(U96.SI)$: The energy and urban development company on Monday joined the Dow Jones Sustainability Index as the sole new entrant from Singapore. This came as part of S&P Dow Jones Indices’ annual review of its Dow Jones Sustainability Indices which are grouped by themes, including Asia-Pacific and emerging markets. Shares of Sembcorp closed S$0.01 or 0.2 per cent higher at S$5.35, before the news. $F & N(F99.SI)$: Its board chairman Charoen Sirivadhanabhakdi, 80, will retire from office on Jan 16, 2025, announced the group on Tuesday. He will be a

Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.22%; Comwell Reit SGD rose 1.8%; OCBC Bank rose 1.2%; $DBS Group(D05.SI)$ rose 0.8%; $NIO(NIO.SI)$ fell 1.9%; $Sheng Siong(OV8.SI)$ fell 1.2%.Stocks to Watch$OCBC Bank(O39.SI)$: Oversea-Chinese Banking bought back 273,000 shares in the open market on Monday for SG$4.6 million or SG$16.76 apiece, a filing with the Singapore Exchange said on the same day. The bank has been authorized to buy back up to 225.0 million shares under its current mandate. To date it has repurchased 11.3 million shares.$Singapore

Singapore shares rallied this week, with the $STI(STI.SI)$ up 4.75% in the last five trading days. The stock market reacted positively to the results of US presidential elections.Trump was elected the 47th President of the US, four years after he was voted out of the White House. International investors are confident that Trump's stance on industrial policy, tax cuts, and trade tariffs will fuel growth in the US and benefit equities.Market News$Singapore Airlines(C6L.SI)$' Half-Year Profit Nearly Halves on Rising CostsSingapore Airlines (SIA) reported a half-year profit on Friday that nearly halved year-on-year, reflecting intensifying market competition coupled with higher fuel costs and expenses.Air

Market SnapshotSingapore stocks opened lower on Monday. STI fell 0.3%; Japfa rose 16%; Thomson Medical fell 6%; SingPost and Keppel fell nearly 1%.Stocks to Watch$Keppel(BN4.SI)$: The company was granted a license by the US to build a 20,000 km subsea cable system linking Singapore to the US. Keppel on Friday said it is co-developing the Bifrost Cable System with Edge Cable Holdings USA and Telekomunikasi Indonesia International. Keppel chief executive officer Loh Chin Hua said the successful deployment of Bifrost, expected to be ready for commercial service in the second half of this year, is set to “generate attractive returns” for Keppel and its private-fund co-investors. Shares of Keppel closed 1.6 per cent or S$0.11 higher at S$6.81 on Frid

Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.6%; YZJ Shipbldg rose 2.8%; DBS rose 2.2%; Top Glove rose 1.4%; OCBC and UOB rose 1.3%; NIO fell 2.3%.Stocks to Watch$DBS Group(D05.SI)$: Singapore’s largest lender beat estimates with record net profit crossing the S$3 billion mark for the first time at S$3.03 billion for its third quarter ended September, up 17 per cent year on year. It declared an interim dividend of S$0.54 per ordinary share on Thursday, to be paid out on or about Nov 25, bringing estimated total dividends payable to S$1.54 billion. The quarter’s earnings per share of S$4.21, up from S$3.64 in Q3 FY2023, is expected to get a “permanent lift” from DBS’ new S$3 billion share buyback programme that is part of

Market SnapshotSingapore stocks opened higher on Monday. STI up 0.3%, SingPost fell 8%, Nio up 0.2%.Stocks to Watch $Top Glove(BVA.SI)$: The glove manufacturer last Friday posted a net profit of RM5.5 million (S$1.7 million) for the first fiscal quarter ended November, reversing the prior year’s Q1 net loss of RM57.7 million, amid higher sales volume and healthier margins. Shares of Top Glove on the Singapore bourse closed 4.8 per cent or S$0.02 lower at S$0.40, after the results announcement. $TalkMed(5G3.SI)$: The tertiary healthcare services provider on Monday announced that it received a privatisation proposal from TW Troy, a special purpose vehicle managed by Tamarind Health. The offer is made by

Singapore stocks rose this week, with the STI up 0.8%. Singapore’s economy grew at a solid clip last quarter, providing momentum for full-year growth to surpass expectations.In terms of star stocks, $Seatrium(5E2.SI)$ rose 6.8%, $SingPost(S08.SI)$ rose 6.7%, $Sri Trang Agro(NC2.SI)$ rose 4.5%, $ThaiBev(Y92.SI)$ rose 3.6%, $CapLand Ascott T(HMN.SI)$ rose 3.4%. While $Man Oriental USD(M04.SI)$ fell 3.9%, and $NIO(NIO.SI)$ fell 3.8%.Market NewsSeatrium Stock Jumps 6.8% After Buying B

Market SnapshotSingapore stocks opened flat on Friday. Keppel DC Reit rose 1.35%; UOB Bank rose 0.8%; NIO fell 4.78%.Stocks to Watch$UOB Kay Hian(U10.SI)$: The Singapore Exchange Regulation has on Thursday lifted the brokerage’s moratorium, which restricted it from managing new initial public offerings (IPO) and reverse takeovers (RTO) submissions. This allows UOB Kay Hian to resume its role as issue manager and full sponsor for IPOs and RTOs on the local bourse. The counter ended at S$1.59, up S$0.01 or 0.6 per cent, before the announcement.$Keppel DC Real Estate Investment Trust(AJBU.SI)$ (Keppel DC Reit): Its third-quarter distribution per unit rose 0.4 per cent to S$0.02501, from S$0.02492 in the

Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.11%; Keppel rose 0.46%; Singtel fell 0.35%; SIA fell 0.14%; OCBC bank fell 0.26%.Stocks to WatchTHE following companies saw new developments that may affect trading of their securities on Friday (Jul 5):$Ho Bee Land(H13.SI)$: The real estate group has priced S$160 million in fixed rate green notes due 2029 at 4.35 per cent. Net proceeds from the issuance will be used to fund or refinance eligible green projects. Shares of Ho Bee Land closed flat at S$1.86 on Thursday.$IReit Global(UD1U.SI)$: The real estate investment trust’s manager appointed Peter Viens as its new chief executive, following the departure of existing CEO Louis d’Esti