Market View: Middle East ceasefire, US government shutdown weigh on global investors; US SEC offers relief for IPOs stuck in limbo during shutdown; The Stock Exchange of Thailand mulls easing rules to boost market liquidity; China tightens grip on rare earths; Seatrium, Top Glove to watch
Description
Singapore shares dipped earlier today, tracking movements seen in Asia.
The Straits Times Index was down 0.11% at 4,435.52 points at 2.07pm Singapore time, with a value turnover of S$812.63M seen in the broader market.
In terms of counters to watch, we have Seatrium, after the company received a notice of termination for a contract secured in 2022 by its subsidiary Sembcorp Marine Rigs & Floaters, which is now known as Seatrium Energy (International).
Elsewhere, from what a Middle East ceasefire and a US government shutdown mean for investors, to shares of Malaysian glovemaker Top Glove surging after posting its first full-year profit – more international and corporate headlines remained in focus.
Also on deck, how The Stock Exchange of Thailand is considering easing some of its rules to boost market liquidity next year.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore.
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