Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore shares opened lower on Monday; STI down 0.86%
  

• DBS starts trading on London Metal Exchange

• Ascott to buy two properties in Paris, Hanoi for S$210m via private equity fund

• Stocks to watch: CapitaLand, DBS, SIA, ISDN, LifeBrandz, Advanced Holdings

-Moomoo News SG

Market Trend

Singapore shares opened lower on Monday. The Straits Times Index (STI) lost 0.86 per cent to 3,117.18 as at 9.02 am. Advancers / Decliners is 76 to 136, with 215.34 million securities worth S$218.49 million changing hands.

Breaking News

DBS starts trading on London Metal Exchange

$DBS(D05.SG)$ on Monday announced that it has started trading on the London Metal Exchange (LME), the world's oldest and largest metal bourse.

DBS is the first Asian bank to receive a membership with LME outside London.

Ascott to buy two properties in Paris, Hanoi for S$210m via private equity fund

The Ascott will spend S$210 million to acquire two properties in France and Vietnam through the Ascott Fund Serviced Residence Global Fund (ASRGF), its private equity fund with Qatar Investment Authority.

The wholly-owned lodging business unit of $CapitaLand(C31.SG)$ has entered into two agreements to acquire the two properties on a turnkey basis. They are projected to open in 2024, CapitaLand said in a bourse filing on Monday.

Stocks to watch

$CapitaLand(C31.SG)$: The group's wholly-owned lodging business unit The Ascott will spend S$210 million to acquire two properties in France and Vietnam through the Ascott Serviced Residence Global Fund, Ascott's private equity fund with Qatar Investment Authority. Shares of CapitaLand closed flat at S$3.69 on Friday.

$DBS(D05.SG)$: The bank has refunded all duplicated card transactions on June 19, a day after customers reported double charges on transactions made using their credit and debit cards due to a payment processing glitch, it said on Saturday via a Facebook post. Shares of DBS fell 0.4 per cent or S$0.13 to close at S$29.77 on Friday, after the incident occurred.

$SIA(C6L.SG)$: A lion's share of the flag carrier's mandatory convertible bonds (MCBs) will be taken up by its controlling shareholder, Temasek Holdings, as the second tranche of its rights MCBs was undersubscribed. Shares of SIA rose 1.2 per cent or S$0.06 to close at S$5.05 on Friday, before it announced the results of the rights issue.

$ISDN(I07.SG)$: The engineering solutions provider said on Friday it is partnering Singapore-based wireless communications provider Whizpaceto deliver wide-area Industry 4.0 and Internet of Things solutions globally. Shares of ISDN finished unchanged at 63.5 Singapore cents on Friday, before the announcement.

$LifeBrandz(1D3.SG)$: The food and beverages group on Friday said its renounceable non-underwritten issue of rights with warrants was about 103 per cent subscribed. It said most of this will go into general working capital purposes and business expansion, while about 18.7 per cent will be used to repay existing and outstanding liabilities to external creditors. LifeBrandz shares closed flat at 0.6 Singapore cent on Friday, before the announcement.

$Advanced(BLZ.SG)$: The engineering and agriculture company said on Friday it is looking to transfer its listing from the Singapore Exchange's mainboard to the Catalist board as its directors believe the group's current business, market capitalisation and risk profile better resemble those of Catalist-listed companies, which typically target "more inorganic growth". Advanced Holdings' stock finished flat at 10.7 Singapore cents on Friday, before the announcement.