Singapore Stocks Notch Record Peak in Afternoon Trade
2025-12-12 06:57
By
Farida Husna
1 min. read
The Straits Times Index jumped 58 points, or 1.3%, to a new high of 4,579 in Friday afternoon trade, extending gains from the prior session and heading for a weekly rise of about 1%.
Sentiment improved as U.S.
futures climbed sharply, after two major Wall Street benchmarks hit fresh records following the Fed’s latest rate cut.
In China, Singapore’s key trading partner, top leaders concluded their annual economic planning meeting by pledging broad support for 2026, including measures to boost consumption and strengthen domestic tech capabilities.
Locally, Singapore’s labor market remained resilient in Q3 2025, with total employment growing at a faster pace while unemployment and retrenchments stayed low, supported by steady economic growth.
Most sectors advanced, led by consumer durables, utilities, and producer manufacturing.
Notable gainers included Jardine Matheson (4.4%), Hong Leong Asia (3.8%), Seatrium (2.4%), DBS Group (1.2%), and Singapore Telecommunications (1.5%).