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Straits Times Index (STI) 3,241.92. Straits Times Index (STI), a market capitalisation weighted index, it tracks performance of top 30 companies listed on SGX-139.53 (-4.13%). Chart reflects daily price & volume of the specified contract month. View Details As at 05 Aug 2024

Nikkei 225 Index Futures Sep 24 - 31,000.00
SGX FTSE Taiwan Index Futures Aug 24 - 1,621.50
MSCI Singapore Index Futures Aug 24 - 289.45
FTSE China H50 Index Futures Aug 24 - 11,230.00
FTSE Blossom Japan Index Sep 24 - 192.1000

Singapore’s moribund IPO market looks to Reits for lifeline...S'pore’s stagnant initial public offering (IPO) mkt relying on a boost of or in 2025 from real estate investment trusts (Reits). Constructive on equity cap markets in Spore for 4th quarter and onwards,” equity capital mkts for S.E.A & India at BNP Paribas said investors have already started asking questions about Reits. Issuance Reits may need much-needed shot in the arm for S'pore’s stock exchange, to set for its plan year for IPOs in a more than a quarter of a century.

Just one company has raised money from an IPO on exchange in 2024, according to data compiled by Bloomberg. Insiders are worried about chances of a revival. While Japan’s Nippon Telegraph and Telephone (NTT) is considering a data centre Reit listing could be worth as much as US$1 billion (S$1.28 billion), and bankers are optimistic other Reit managers will follow, in part because of the recent rally in the sector.

Noted: An index for S'pore-based Reits has risen 14% during 3rd quarter, coming close to wiping out losses from earlier in year, as global decline in interest rates makes sector more attractive to investors. Try this can help SGX stocks to make things happening here, as REITs stock is be in better place to move as seem in recent days