Stocks in Singapore Hit All-time High

STI increased to an all-time high of 4934.00 Index Points. Over the past 4 weeks, FTSE Straits Times Index gained 5.9%, and in the last 12 months, it increased 27.86%.

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%).

The STI rose 48 points, or 1.5%, to a record high of 4,895 in Friday morning trading, extending gains from the previous session, following an extended rebound on Wall Street for a second session amid upbeat US economic data and easing geopolitical tensions. Solid macroeconomic data continued to lift sentiment, with preliminary figures showing that the economy grew 4.8% last year, accelerating from 2024. Meanwhile, non-oil domestic exports rose 4.8% in 2025, exceeding official forecasts of around 2.5%. However, traders looked ahead to the Monetary Authority of Singapore’s quarterly monetary policy statement next week for policy guidance, while also awaiting December inflation data later today, with the market expecting it to stand at 1.2%. Consumer and financial sectors mainly drove the index, with notable gains from United Overseas Bank (3.6%), Oversea-Chinese Banking Corp (2.6%), CapitaLand Investment (1.3%), Hongkong Land Holdings (1.2%), and Keppel (1.0%).