SG Morning Highlights | SG Real Estate Posts Annual Growth Rate of 4.2%
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Thursday; STI down 0.47%
●SG real estate posts annual growth rate of 4.2%
●SGX CEO Loh Boon Chye elected new chairman of World Federation of Exchanges
●S'pore financial firms shrunk gender pay gap by nearly half from a decade ago — ministry
●Stocks to watch: SGX, Sevens Atelier
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Thursday. The $FTSE Singapore Straits Time Index (.STI.SG)$ lost 0.47 per cent to 3,226.83 as at 9.05 am.
Advancers / Decliners is 39 to 75, with 49.78 million securities worth S$58.86 million changing hands.
Breaking News
SG real estate posts annual growth rate of 4.2%
Singapore's real estate market continues to be resilient, growing at a yearly rate of 4.2% due to the arrival of expatriates, Knight Frank’s recent study showed. Specifically, the financial and professional services sector helped in boosting the rental market more than the sales market. This can be attributed to the implemented tax measures that now implement taxes equivalent to 60% of buying prices on foreigners.
SGX CEO Loh Boon Chye elected new chairman of World Federation of Exchanges
LOH Boon Chye, chief executive of the Singapore Exchange (SGX) Group, has been elected the new chairman of the World Federation of Exchanges (WFE). He will serve a 2-year term with the global industry association. Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone central counterparty clearing houses that are not part of exchange groups.
S'pore financial firms shrunk gender pay gap by nearly half from a decade ago — ministry
The gender pay gap for women working in Singapore’s finance industry narrowed to 15.6% in 2022, almost half the 27.1% gap of a decade ago, the city state’s Ministry of Manpower said in a response to a question from a lawmaker on Tuesday. The remaining difference between what women earn, on average, compared with their male peers, is because higher-paying, senior positions are more often held by men, the ministry said.
Stocks to Watch
$SGX (S68.SG)$ : The Singapore Exchange Regulation (SGX RegCo) is seeking market feedback on proposed changes to its Futures Trading Rules (FTR), Singapore Exchange Securities Trading (SGX-ST) rules and Singapore Exchange Derivatives Clearing (SGX-DC) rules. SGX RegCo requested all comments to be received by Oct 11, the consultation paper issued on Thursday (Sep 21) indicated. Proposed amendments to the FTR involve updates on the admission and registration of Singapore Exchange Derivatives Trading members’ representatives.
$Sevens Atelier (5EW.SG)$ : Sevens Atelier has been asked to assist in a probe by the Commercial Affairs Department and the Monetary Authority of Singapore under the Securities and Futures Act. The company, which up till June 2022 was called Pan Asian Holdings, has been asked to provide documents and information belonging to Richard Koh Chye Heng, the company's former executive chairman and CEO. Similar documents and correspondences by executive director Vanessa Lim Xiu Fang and another employee Tang Yao Zhi have been requested as well.
Latest Share Buy Back Transactions
Source：Business Times, SG investors
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