Market View: US April CPI expectations, Index counters down on MSCI deletion, Chinese government reportedly considering buying millions of unsold homes

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

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1M ago 13:36

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Singapore shares dipped this morning, dragged mainly by index counter declines after a global rally overnight.

In early trade, the Straits Times Index (STI) shed 0.4 per cent to 3,301.57 points after 68.2 million securities changed hands in the broader market.

In terms of companies to watch, we have Golden Agri-Resources, after the palm oil company reported today a 60 per cent year-on-year decline in Q1 net profit to US$37 million amid weaker crude palm oil prices.

Elsewhere, from how five index counters traded lower on news that they would be removed from the MSCI Singapore index, to more on expectations on US April consumer prices out tonight, more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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