Latest / Your Way Home with Hongbin Jeong
Market View: Record close on Wall Street, Dow closes above 43,000 for the first time; Nvidia closed at all-time high; Chinese banks reportedly set to trim rates of 300 trillion yuan of deposits; Oil prices extend losses; Developments at DynaMac and ST Engineering
Singapore stocks began the day trading in the green, mirroring overnight gains in overseas markets. In early trade, the Straits Times Index (STI) rose 0.6 per cent to 3,618.49 points after 22.3 million securities changed hands in the broader market. In terms of companies to watch for today, we have Dyna-Mac, after Hanwha Ocean SG revised its final offer price to S$0.67 per share for all the issued ordinary shares of offshore oil-and-gas contractor Dyna-Mac. Elsewhere, from Nvidia’s record close in the previous session, to how Chinese banks are reportedly said to trim rates on 300 trillion…
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