Market View: Singapore stock market wrap, Singapore’s NODX tumbled 25% yoy, ESR Logos Reit down 7.1% in early trade after private placement exercise, Over 95% SembMarine shareholders voted for merger with Keppel O&M, GoTo bringing forward its profitability targets by a year

Your Way Home with Hongbin Jeong · Feb 17, 2023 · 11m

Singapore shares declined in early trade today after the country’s non-oil domestic exports posted worse-than-expected performance and the US market reported losses amid interest rate concerns. The Straits Times Index fell 0.2 per cent in early trade to 3,303.14 points after 31.4 million securities changed hands. Some notable names seeing new developments today include Sembcorp Marine and Keppel Corporation. If you recall, Sembmarine’s shareholders voted overwhelmingly for the merger with Keppel Corp’s offshore and marine unit, with over 95 per cent of votes cast in favour of the proposal. On…