Market Snapshot

Singapore stocks opened lower on Monday. STI fell 0.4%; SIA fell 1.1%; ocbc fell 1.2%; Grand Venture rose 3%.

Stocks to Watch

Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit): The Reit received a “BBB-” long-term issuer credit rating from S&P Global Ratings, on the expectation of stable operational performance and cash flow over the next two years. On Friday (Jan 10), S&P said it believes the Reit’s portfolio quality will deliver a healthy occupancy rate. It added that the accessibility and connectivity of the Reit’s logistics and industrial properties – which comprise 55 per cent of it’s portfolio – will likely attract “high-quality tenants”. Units of Stoneweg E-Reit closed flat on Friday at 1.59 euros (S$2.23) after the news. 

Grand Venture Technology: The manufacturing service provider is partnering the Agency for Science, Technology and Research to develop a customised manufacturing platform for advanced ceramics. The tie-up will allow Grand Venture Technology to “capture opportunities in high-growth industries and strengthen its competitive edge”, said the mainboard-listed company on Monday. The counter ended 1.2 per cent or S$0.01 higher at S$0.835 on Friday.

SG Local News

SGX sees 18% YoY rise in derivatives traded volume in December

The Singapore Exchange (SGX) saw an 18% year-on-year (YoY) rise in derivatives traded volume in December to an all-time high of 298.4 million contracts.

In the same month, the derivatives daily average volume (DAV) grew 5% YoY to 1.1 million contracts.

For 2024, the derivatives DAV rose by 18% at 1.2 million contracts.

Singapore should help immigrants, foreign workers adapt to country's social norms: SM Lee

Singapore should help immigrants and foreign workers adapt to the country's social norms to build a cohesive and inclusive society, said Senior Minister Lee Hsien Loong on Saturday (Jan 11).

Speaking at an appreciation dinner held in his honour by organisations from Singapore's Indian community, Mr Lee noted that the issue of immigrants and foreign workers raises "political sensitivities in many societies".