Market View: Nvidia’s record smashing results, whether stocks are overvalued; Tech stocks; Jackson Hole Symposium kicks off, speeches from Fed’s Jerome Powell, ECB’s Christine Lagarde; Citi Research raises target price on Grab; Sabana Industrial Reit’s new internal manager

Your Way Home with Hongbin Jeong · Aug 24, 2023 · 13m

Singapore shares opened stronger today), following overnight gains on Wall Street led by a rally in tech stocks. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,187.36 points, after 91.0 million securities changed hands in the broader market. In terms of companies to watch, we have Sabana Industrial Real Estate Investment Trust. That’s after activist investor Quarz Capital declared that the trustee of Sabana Reit should take no more than three to four months to do the preparatory work required to set up a new internal Reit manager. Elsewhere from Nvidia’s forecast busting…