SG Morning Highlights | Top Glove Reports Reduced Q4 Net Loss Amid Higher Sales Volume

Advancers / Decliners is 103 / 63, with 90.38M million securities worth S$107.57M million changing hands.

In Singapore, there is a notable disparity in decarbonization efforts between small and medium-sized enterprises (SMEs) and larger firms. According to a report by Bain & Company, while 82% of non-SMEs have reached advanced or mid stages of decarbonization, only 34% of SMEs have made significant progress. The gap widens further among smaller SMEs, with those generating annual revenues below $10 million lagging significantly—only 23% have made progress, compared to 61% of larger SMEs with revenues over $50 million. Among SMEs with revenues between $10 million and $50 million, 42% have made significant strides. However, a concerning 33% of SMEs have not yet started their decarbonization journey, 20% are just beginning, and 12% are at the basic stage.

China is set to announce a substantial fiscal stimulus package, potentially valued at two trillion yuan (S$369 billion), aiming to bolster economic growth amid sluggish conditions. Expected to be revealed by the finance minister in an upcoming briefing on Saturday, October 12, this move follows a series of monetary easing measures, including interest rate cuts and enhanced support for property and stock markets initiated in late September. Investors are keenly awaiting details on the package, which may focus on boosting household support and moving away from the previous real estate and infrastructure-driven expansion, according to insights from a Bloomberg survey and academic experts.