It opens today.

Due to the lack of new incentives and investor caution, local stocks followed Asia-Pacific stocks and US stock index futures higher and lower yesterday, eventually giving up all their early gains. As of 09:45, the Straits Times Index (STI) was up 0.39% at 2985.49. In the big market, 145companies rose and 140fell, with 630 million shares temporarily traded with a turnover of S $259 million.

Analyst point of view

After Monday's rally, market sentiment was fragile. We believe this is seasonal, with the end of the full-year earnings season and many companies will eliminate interest in the next two months. The market lacks new factors to stimulate share prices, and investors are now cautious because interest rates are rising. The fragile sentiment has also been affected by the recent poor performance of the Hong Kong stock market, which announced an increase in stamp duty on shares.

-Huang Ganyan, Director of products and Research, Kaiji Securities, Singapore

This week's noteworthy data

Some of the market news or data that investors will be watching closely this week include weekly initial claims for unemployment benefits released in the United States on Thursday.

Local stock market news

The stocks that gave the greatest support to the index the day before yesterday put the greatest pressure on the sea index yesterday, mainly local bank stocks and aerospace stocks.

The greatest pressure on the sea index yesterday was$DBS (D05.SG) $And$UOB (U11.SG) $The share price fell 0.59% and 0.68% respectively to close at 26.94 yuan and 24.99 yuan.$SIA (C6L.SG) $One of the five biggest declines, shares fell 1.15% to 5.18 yuan.$SATS (S58.SG) $Fell 1.79% to 4.40 yuan.

The stock with the highest trading volume$Oceanus ^ (579.SG) $The share price fell 0.8 cents, or 11.11%, to close at 6.4. yesterday, the total trading value of the stock reached 30.08 million yuan, almost among the top 10 on the list of top 10 companies. The stock is currently on the SGX watch list. Its results released on Friday showed that the group turned to a profit for the whole of last year, with a net profit of 8.6 million yuan. Full-year revenue surged 9.5-fold to 91.7 million yuan, the highest level since its listing in 2008. The group will release its audited financial results on or before April 15, when the conditions for leaving the watch list will be met.