Singapore Stocks Climb to 6-Week Peak

The Straits Times Index rose 48 points, or 0.9%, to 5,005 in morning trade on Wednesday, following a rally in US futures, after US President Trump announced a two-week ceasefire between the US-Israel coalition and Iran. The broader index rebounded after declining in the previous session, marking its highest level since February 25. Almost all sectors traded in the green, including commercial services, non-energy minerals, technology, and finance. However, traders focused on the upcoming monetary policy meeting next week, as February inflation eased from a 13-month high in January, amid rising oil prices during the March period that could put upward pressure on the inflation rate. Early gainers included Hong Kong Land Holdings (4.4%), City Developments (3.2%), Mapletree Industrial Trust (2.6%), and Singapore Airlines (2.3%).

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%).