SGX Weekly Review | STI Drops Over 4%; AWX Surges More Than 7%, Nearing Record High; OCBC Bank Falls Over 8%, UOB Down More Than 7%, DBS Slips 5%-To The Moon - Tiger Brokers Online Investing Community

SGX Weekly Review | STI Drops Over 4%; AWX Surges More Than 7%, Nearing Record High; OCBC Bank Falls Over 8%, UOB Down More Than 7%, DBS Slips 5%

Singapore stocks extended their weakness this week, with the STI plunging 4.13% for the week. Pressure from oil and the bond market continued to weigh on sentiment.

On the individual stock front, $AEM SGD(AWX.SI)$ surged over 7% for the week, approaching its historical high; $First Resources(EB5.SI)$ gained more than 6.5%. $Ambiq Micro(AMQ.SI)$ plunged nearly 14%, while $OCBC Bank(O39.SI)$ fell over 8%, $UOB(U11.SI)$ dropped more than 7%, and $DBS(D05.SI)$ declined 5%.

Market News

Singapore retail sales growth slows to 0.7% in August, misses forecasts

Retail sales rose 0.7 per cent in August, down from July’s 1.3 per cent growth and well below private-sector economists’ expectations, data from the Singapore Department of Statistics showed on Monday (Oct 5).

Singapore a high-value market for ChatGPT ads, but Indonesia, Vietnam offer scale: analysts

Singapore may offer OpenAI some of South-east Asia’s most valuable users for its nascent advertising business, but larger markets such as Indonesia and Vietnam could ultimately offer greater scale as the ChatGPT maker looks to monetise its large free-user base.

Singapore data centre operator DayOne files for US IPO at potential US$20 billion valuation

Singapore-headquartered DayOne Data Centers filed for a proposed Nasdaq initial public offering in the US on Tuesday (Oct 6), joining the wave of AI and AI-related companies that are tapping the public equity markets.

Temasek among investors in Nuveen’s US$698.6 million Australian debt fund

Nuveen Real Estate has secured more than A$1 billion (US$698.6 million) in commitments at the first close of its latest Australian commercial real estate debt strategy, with the Canada Pension Plan Investment Board (CPP Investments) and Singapore’s Temasek as returning backers.

Singapore stands ready to assist Indonesia amid worsening haze, Grace Fu in touch with counterpart

Singapore stands ready to assist Indonesia amid the worsening haze conditions and forest fires, said Minister for Sustainability and the Environment (MSE) Grace Fu, who is in touch with her Indonesian counterpart.

“We are in touch with our neighbours. As you know, this is an area where, because of El Nino, we are facing very dry weather in the region, and therefore it has made forest fires a lot harder to put out,” Fu told the media at Our Tampines Hub on Saturday (Oct 10).

“We are aware that efforts are going on. We stand ready to assist where we can,” said Fu, adding that she has been in touch with Indonesia’s Minister of Environment Jumhur Hidayat to offer her support and express appreciation for his efforts to contain the forest fires.

Fu also said she supports any regional efforts to have discussions on regional cooperation on haze issues.

$(5E2.SI)$ $(F34.SI)$ $(O39.SI)$ $(S68.SI)$ $(STI.SI)$ $(U11.SI)$ $AEM SGD(AWX.SI)$ $First Resources(EB5.SI)$ $Ambiq Micro(AMQ.SI)$ $DBS(D05.SI)$ $(ES3.SI)$ $(G3B.SI)$ $(GAB.SI)$

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