SINGAPORE SHARES OPENED MARGINALLY DOWNWARDS

Singapore shares opened marginally downwards on Friday, with the Straits Times Index dipping 0.58 per cent or 18.8 points to 3,239.85.

At 9.08 am, some 97.9 million shares worth S$183.1 million changed hands, with losers outnumbering gainers 122 to 40.

Among the top active stocks were banks, all falling. UOB fell 2.1 Singapore cents, DBS dipped one Singapore cent and OCBC was down 0.8 cent.

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KEPPEL DC REIT TOPS FIRST GOVERNANCE INDEX FOR REITS AND TRUSTS

Keppel DC Reit, Parkway Life Reit, Soilbuild Business Space Reit, AIMS AMP Capital Industrial Reit and Starhill Global Reit have emerged tops - in that order - in the first-ever published corporate governance rankings for real estate investment trusts (Reits) and business trusts (BTs) here.

The Governance Index For Trusts (GIFT), unveiled on Thursday morning, represents the first time that such comprehensive scoring has been published for the 45 Reits and BTs listed in Singapore.

The index was developed by well-known corporate governance advocate Mak Yuen Teen - who first developed the Governance and Transparency Index (GTI) and the Governance Evaluation for Mid- and Small-Caps (GEMS) - in collaboration with active investor Chew Yi Hong, and with the support of professional body CPA Australia.

Assoc Prof Mak explained that the index was developed specifically for listed Reits and BTs, and recognises their unique features as compared to listed companies. "Existing governance indices in the Singapore landscape exclude this important group of issuers because their governance structures and practices, and applicable rules and regulations, are different from companies."

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MAS WILL REGULATORY REQUIREMENTS FOR BANKS

The Monetary Authority of Singapore (MAS) will streamline regulatory requirements for banks seeking to conduct or invest in digital platforms that would match buyer and sellers, as well as that engage in the online sale of consumer goods and services, said Minister for Finance Heng Swee Keat in a speech on Tuesday.

These have been determined as "permissible non-financial businesses" that are related or that complement the banks' core financial businesses. The investment in such related businesses will be limited to 10 per cent of a bank's capital funds.

"Banks are currently prohibited from selling consumer goods. But non-bank digital players are now offering a seamless transactional experience in the sale as well as payment of consumer goods," said Mr Heng.

In simplifying the requirements, the MAS says banks will not need to seek prior regulatory approval before conducting or acquiring major equity stakes in these "permissible non-financial businesses". The MAS will also remove detailed requirements such as conducting regular stress tests or external audits.

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SINGAPORE INVESTMENT STOCKS MARKET OPENS HIGHER

Singapore stocks opened 0.2 per cent higher on Tuesday, with the Straits Times Index gaining 7.1 points to 3,216.57 as at 9 am.

About 33.2 million shares worth S$41.3 million in total changed hands, which worked out to an average unit price of S$1.24 per share.

The most actively traded counter was Genting Sing, which rose S$0.015 to S$1.080 with five million shares changing hands. Other actives included Innopac and Addvalue Tech.

Gainers outnumbered losers 63 to 32, or about two up for every one down.

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SINGAPORE STOCKS OPENED 0.1 PER CENT

Singapore stocks opened 0.1 per cent lower on Friday, with the Straits Times Index retreating 1.89 points to 3,213.66 as at 9.02am.

About 50.6 million shares worth S$66.6 million in total changed hands, which worked out to an average unit price of S$1.32 per share.

The most actively traded counter was Noble, which rose S$0.075 to S$0.530 with 6.8 million shares changing hands. Other actives included Global Logistic Properties and Golden Agri-Res.

Gainers outnumbered losers 66 to 46.

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SINGAPORE SHARES OPENED SLIGHTLY FIRMER ON THURSDAY

Singapore shares opened slightly firmer on Thursday, with the Straits Times Index rising 0.11 per cent or 3.47 points to 3,205.24.

At 9.07am, some 83.9 million shares worth S$71 million changed hands, with gainers outnumbering losers 86 to 47.

Among the top active stocks were OCBC which rose 5 cents and DBS which fell 4 cents.

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SINGAPORE SHARES OPENED LOWER ON WEDNESDAY

Singapore shares opened lower on Wednesday, with the Straits Times Index falling 0.83 per cent or 26.75 points to 3,203.67.

At 9.08am, some 139.2 million shares worth S$96.5 million changed hands, with losers outnumbering gainers 107 to 59.

Among the top active stocks were UOB, DBS, OCBC, all falling between 10 and 25 cents.

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