SG Morning Highlights | Boustead Singapore to Deploy Singapore's First Battery Charge and Swap Stations for Electric Motorcycles

Advancers / Decliners is 148 to 51, with 170.27 million securities worth S$182.71 million changing hands.

Singapore's stock market witnessed a net institutional outflow of $1.175 billion in the first half of 2024, with energy making up $29 million of the net institutional inflow. The S-REIT sector's net institutional outflow represented 1.2% of its sector market capitalisation. Meanwhile, transportation and storage, finance and insurance, and information and communications were the strongest growing sectors in the Singapore economy in Q1. UOB, OCBC, Singtel, and Yangzijiang Shipbuilding were among the companies that recorded the highest net institutional inflow in H1.

A joint report by Schneider Electric and the Institute of Singapore Chartered Accountants (ISCA) has revealed that 94% of Singapore organisations are falling short in measuring and analysing their Scope 3 emissions. The survey of 500 senior business leaders involved in sustainability strategies found that only 39% had a strong understanding of Scope 3 emissions, with senior teams lagging behind board members and C-level executives. The report pointed to a knowledge gap, with senior executives having better access to briefings on emissions management and strategies. This has impacted confidence in meeting targets, with only 27% of business leaders saying the Scope 3 emissions target set by their companies is achievable. The report's findings have come ahead of mandatory climate-related disclosure reporting for all listed companies and large non-listed companies in Singapore starting 2025 and 2027, respectively.