Market View: Profit taking in the US, Walmart’s sales up 3.8% on the quarter, Gazelle Ventures’s offer to acquire No Signboard’s shares; HK’s tech driven rally and more

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore stocks began trading this morning in slightly positive territory, despite a retreat in global markets.

In early trade, Straits Times Index (STI) rose 0.2 per cent to 3,311.44 points after 36.6 million securities changed hands in the broader market.

In terms of companies to watch today, we have NetLink NBN Trust. The trustee-manager of fibre network infrastructure provider yesterday announced a distribution per unit (DPU) of S$0.0265 (2.65 Singapore cents) for the second half of its fiscal year ended March, up 1.1 per cent from the year-ago period.

Elsewhere, from how Microsoft plans to offer its cloud computing customers a platform of AMD’s artificial intelligence chips to news of China cutting interest rates of mortgage loans, more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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