Singapore Stocks Hit Record High

The STI Index fell 20 points, or 0.4%, to 4,939 in morning trade on Thursday, extending losses from the previous session, marking its lowest level since May 9, tracking a decline on Wall Street overnight amid a renewed escalation of tensions in the Middle East, which drove oil prices higher. Concerns over elevated valuations in AI-linked stocks also pressured sentiment. Traders also assessed US inflation, which accelerated to its highest level in three years, reinforcing expectations that the Fed will hold interest rates higher for longer. Retail trade, electronic technology, and energy minerals mainly weighed down the index. However, traders continued to monitor developments in the Middle East conflict after the US military announced it had completed its latest strikes on Iran. Among individual stocks, notable losses included Singapore Technologies Engineering (-1.5%), Venture Corp (-1.5%), Singapore Airlines (-1.3%), City Development (-1.2%), and UOL Group (-1.15%).

The STI Index dropped 70 points, or 1.4%, to 4,980 in Monday morning trading, losing for the third straight session and marking its lowest level since May 12, while tracking a decline on Wall Street on Friday due to a selloff in AI-related stocks. Worries about the possibility of renewed tensions between the US and Iran also pressured sentiment after Iran struck Israel, highlighting the fragility of the ceasefire and raising concerns over the outlook for US-Iran peace talks. Traders also anticipated the release of US inflation data and China's inflation and trade balance figures later this week. Almost all sectors traded in the red, including electronic technology, non-energy minerals, commercial services, and process industries. Among the early decliners were Singapore Technologies (-1.4%), City Developments (-1.3%), Singapore Airlines (-1.1%), and Singapore Telecommunications (-0.7%), while DBS Holdings and Jardine Matheson each shed 0.6%.

The STI Index rose 25 points, or 0.5%, to 5,093 in Monday morning trade, extending gains from the previous two sessions and marking a record high, tracking a rally in US futures amid hopes of a US-Iran deal to end the war. Domestic data also lifted sentiment after economic growth was revised higher in Q1 to 6%, while Enterprise Singapore raised its 2026 forecast for non-oil domestic exports (NODX) growth to 3.0%–5.0% amid strong AI-related demand. The fresh data further boosted sentiment, with the current account registering its largest surplus on record in the first quarter of 2026. Electronics, non-energy minerals, commercial services, and technology services mainly drove the index, with notable gains from City Developments (2.6%), Delta Electronics (2.5%), Jardine Matheson (1.7%), SATS (1.2%), and UOB (1.0%).