SG Morning Highlights | Inflation Eases to 4.0% in August
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened slightly higher on Tuesday; STI up 0.06%
●Inflation Eases to 4.0% in August
●Singapore prime office rents weaken in Q3, outlook mixed
●Stocks to watch: Nio, TSH Resources
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened slightly higher on Tuesday. The $富时新加坡海峡指数 (.STI.SG)$ rose 0.06 per cent to 3,217.35 as at 9.02 am.
Advancers / Decliners is 51 to 47, with 25.70 million securities worth S$47.77 million changing hands.
Breaking News
Inflation Eases to 4.0% in August
The rate of price increase eased to 4.0% in August 2023, data from the Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) showed. In July 2023, inflation was at 4.1%. The moderation of the headline or consumer price index (CPI)-all items inflation was due to the lower core (3.4% YoY from 3.8% YoY) and accommodation (4.4% YoY from 4.6% YoY) inflation.
Singapore prime office rents weaken in Q3, outlook mixed
Grade A office rents in Singapore's central business district (CBD) fell 0.3 per cent quarter on quarter in the third quarter, as demand for office space softened with economic uncertainty, according to a report by JLL Singapore. Prime office rents weakened to S$11.29 per square foot (psf) per month from S$11.32 psf per month, ending nine straight quarters of growth spurred by the post-pandemic return-to-office wave, JLL said on Monday (Sep 25).
Stocks to Watch
$蔚来 (NIO.SG)$ : Chinese electric vehicle maker Nio said on Monday (Sep 25) it currently has “no reportable capital raising activity”, in response to media reports that the company is considering raising capital from investors. The company, which is listed in New York, Hong Kong and Singapore, noted that there was unusual market activity in its American depository shares, but said it had no capital raising activity to report, other than its recent convertible notes offering that was completed on Monday.
$TSH Resources (TSH.SG)$ : Shares of Bursa Malaysia-listed TSH Resources will commence trading on the Singapore Exchange (SGX) mainboard on Tuesday (Sep 26), following its secondary listing by way of introduction. The oil palm plantation company announced in July that it was undertaking a secondary listing of its shares on the SGX to expand and diversify its shareholder base and improve trading liquidity.
Latest Share Buy Back Transactions
Source：Business Times, SG investors
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