Market View: 13 SGX-listed firms that could benefit from Budget 2024; Olam Group’s review on Nigerian unit; Elite Commercial Reit posts 40.9% drop in H2 DPU

Singapore shares remained relatively unchanged at the opening bell this morning, the first trading day following Singapore’s Budget announcement on Friday. The latest Budget focused on rolling out the first instalment of the Forward Singapore programme. Singapore’s Budget 2024 set aside top-ups for cost-of-living support, businesses and housing support for young families. It also included the introduction of a new SkillsFuture programme and Refundable Investment Credit scheme for companies.  Local companies are in focus today as we deep dive into the 13 blue-chip stocks that could benefit from the measures announced.  Aside from that, we also have Olam Group after a review concluded by the food and agri-business giant has turned up no evidence that its Nigerian unit was involved in a multibillion-dollar fraud as reported by media outlets in 2023.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.