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Singapore shares dipped today as investors remained laser focused on more US economic data due tonight.
The Straits Times Index was down 0.22% at 4,525.19 points at 2.31pm Singapore time, with a value turnover of S$641.43M seen in the broader market.
In terms of counters to watch, we have CapitaLand Ascott Trust and Sheng Siong Group. That’s given how the hospitality player and supermarket chain operator, respectively, will join the Straits Times Index’s (STI) reserve list after the December quarterly review.
Elsewhere, from how Singapore retail sales grew 4.5 per cent year on year in October, to how the Reserve Bank of India (RBI) cut its key repo rate by 25 basis points today, in line with a consensus view, more economic and international headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
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