Market View: Shares of CDL down 7% upon trade resumption; UOI, Haw Par, Japfa among counters to watch; Trump announces five digital assets he expected in new crypto reserve; Baidu reportedly planning to offer about 10 billion yuan of offshore bonds; BYD posts another jump in monthly sales in February; What to watch this week

Your Way Home with Hongbin Jeong · Mar 3, 2025 · 15m

Singapore shares inched higher earlier today as investors continue to mull developments relating to City Developments Limited. The counter fell 7 per cent to hit its lowest level since 2009 after resuming trade, per Bloomberg data. As at about 11am (11.07am), the Straits Times Index was up 0.30% at 3,907.51 points, with a value turnover of S$727.90M in the broader market. In terms of companies to watch, we have Haw Par and United Overseas Insurance. That’s because minority shareholders of UOB’s insurance arm proposed resolutions to distribute its holding of 4.27 million shares in…