Singapore Stocks Gain After MAS Policy Decision
2026-01-29 04:27
By
Chusnul Chotimah
1 min. read
The STI climbed 13 points, or 0.3%, to 4,922 in Thursday afternoon dealings after falling in the previous session following the Monetary Authority of Singapore’s (MAS) decision to keep monetary policy steady while raising both its core and headline inflation forecasts to 1%–2% this year.
The MAS expects GDP growth to remain resilient in 2026.
Expectations of resilient GDP growth lifted sentiment, reflecting preliminary data showing Singapore’s GDP grew 4.8% in 2025, accelerating from 4.4% in 2024.
Meanwhile, fresh data showed the unemployment rate was unchanged at 2% in Q4.
However, the Fed’s decision to hold its rate and Singapore producer prices posting their first fall in five months in December capped the gain.
Energy, minerals, utilities, and financial stocks mainly drove the index, with notable gains from Sembcorp (3.9%), Yangzijiang Shipbuilding Holding (2.1%), Singapore Technologies Engineering (1.9%), DBS Holdings (0.4%), and OCBC (0.2%).