SG Morning Highlights | Sembcorp Acquires 30% Stake in Senoko Energy

Advancers / Decliners is 65 to 71, with 64.39 million securities worth S$97.90 million changing hands.

The new home sales in 2024 are on track to be the lowest since 2008, with a year-to-date decrease of 48.6% compared to the previous year. As of August, sales dropped dramatically to 208 units, marking a 63.6% decrease month-over-month and a 47.2% fall year-over-year. Despite the stark decline, experts from CBRE and PropNex remain optimistic, citing potential interest rate cuts and a favorable economic outlook as factors that could revive the market in the upcoming months.

Singapore's non-oil domestic exports (NODX) experienced a 10.7% year-on-year increase in August, though this growth was slower compared to the 15.7% rise in July. According to Enterprise Singapore, this growth was fueled by significant contributions from both electronic and non-electronic sectors. Electronics NODX saw a 35.1% increase, notably in integrated circuits, disk media products, and PCs, while non-electronic NODX grew by 3.7%, driven by specialized machinery, non-monetary gold, and food preparations. Despite a decrease in oil exports, total trade volumes continued to grow, indicating a resilient export sector.