SG Morning Highlights | Singapore Trade Grows 0.3% in October
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Tuesday; STI down 0.23%
●Singapore trade grows 0.3% in October
●Stocks to watch: Vertex Technology
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Tuesday. The $FTSE Singapore Straits Time Index(.STI.SG$ lost 0.23 per cent to 3,104.27 as at 9.15 am.
Advancers / Decliners is 108 to 54, with 122.63 million securities worth S$141.62 million changing hands.
Breaking News
Singapore trade grows 0.3% in October
Singapore recorded a marginal 0.3% trade growth year-on-year in October 2023, following a 12.5% decline in the previous month, according to data from Enterprise Singapore. Total exports rose by 2.8% in the same month up from the 12.8% decline in September 2023. Total imports declined by 2.3%, following the previous month's 12.2% contraction. NODX in October 2023 declined 3.4% YoY in both electronics and non-electronics sectors. In the same month, NODX grew by 3.4% MoM SA from 11.1% in the previous month in both electronics and non-electronics domestic exports.
Stocks to Watch
$17LIVE(VT1.SG$: Vertex Technology Acquisition Corporation (VTAC) has announced a proposed business combination with live streaming platform 17LIVE Inc. According to Frost & Sullivan, 17LIVE operates the top pure-play live streaming platform in Japan with a market share by revenue of 20.8% for 2022 and a market share by revenue of 26.9% in Taiwan for 2022.
Share Buy Back Transactions
Source: Business Times, SG investors
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