Market View: Singapore stock market wrap; Seatrium’s net order book of S$20b; First Resources’ Q1 net profit down 73.8% yoy; US producer prices up 2.3% yoy in April, Elon Musk to step down as Twitter CEO; US mortgage rates could top 8% if US defaults

Your Way Home with Hongbin Jeong · May 12, 2023 · 15m

Singapore stocks fell at the opening bell today after Wall Street equities ended mixed overnight. In early trade, the Straits Times Index (STI) dropped 0.4 per cent to 3,217.41 points as 92 million securities changed hands in the broader market. In terms of companies to watch today, we have Seatrium. That’s after the group announced a net order book of S$20 billion for the year to date following the confirmation of multiple projects. Elsewhere, investors continue to keep a lookout on a number of developments out of the US ranging from slowing inflation and a new chief for Elon Musk’s Twitter…