Singapore Stocks Hit Fresh Record High

2026-07-29 03:18 By Chusnul Chotimah 1 min. read

Singapore's stocks rose 23 points, or 0.4%, to a record high of 5,640 in Wednesday morning trade, after being flat in the previous session, hitting a fresh record high, mainly boosted by gains in the communication services, technology, and financial sectors.

Strong domestic economic data, political stability, and the attractiveness of dividend-paying stocks buoyed the index, with gains in banking stocks offsetting the negative sentiment from the global tech selloff.

Traders shrugged off the MAS's tightening of monetary policy on Monday, while hoping the meeting between US President Trump and Israeli Prime Minister Netanyahu could ease tensions in the Middle East amid rising oil prices.

However, traders remained cautious ahead of the Fed's monetary policy decision, China's PMI data, and Singapore's Q2 unemployment rate.

Among the top gainers were Hongkong Land Holdings (3.7%), Jardine Matheson (2.0%), Keppel (1.5%), City Developments (1.3%), OCBC (1.1%), UOB (0.8%), and DBS (0.5%).



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Singapore Stocks Hit Fresh Record High
Singapore's stocks rose 23 points, or 0.4%, to a record high of 5,640 in Wednesday morning trade, after being flat in the previous session, hitting a fresh record high, mainly boosted by gains in the communication services, technology, and financial sectors. Strong domestic economic data, political stability, and the attractiveness of dividend-paying stocks buoyed the index, with gains in banking stocks offsetting the negative sentiment from the global tech selloff. Traders shrugged off the MAS's tightening of monetary policy on Monday, while hoping the meeting between US President Trump and Israeli Prime Minister Netanyahu could ease tensions in the Middle East amid rising oil prices. However, traders remained cautious ahead of the Fed's monetary policy decision, China's PMI data, and Singapore's Q2 unemployment rate. Among the top gainers were Hongkong Land Holdings (3.7%), Jardine Matheson (2.0%), Keppel (1.5%), City Developments (1.3%), OCBC (1.1%), UOB (0.8%), and DBS (0.5%).
2026-07-29
Singapore Stocks Pull Back from Record High
Singapore's equities fell 27 points, or 0.5%, to 5,594 in Tuesday morning deals, as traders took profit after the index hit a record high in the previous session. The broader index tracked a decline in US stock futures amid a global tech selloff. Traders were also cautious ahead of the Fed's monetary policy decision while anticipating the release of US Q2 GDP and China's PMI data due this week. Monday's data also continued to pressure market sentiment, as Singapore's manufacturing production grew the least in four months in June while the Monetary Authority of Singapore tightened its monetary policy again. Health technology, non-energy minerals, communication, and financial sectors mainly weighed on the index, with notable losses from United Overseas Bank (-1.5%), Venture Corp. (-1.4%), DBS Group Holdings (-1.1%), Oversea-Chinese Banking Corp. (-1.0%), and Hongkong Land Holdings (-1.0%).
2026-07-28
STI Rebounds to Record High Around Noon
Singapore's stocks climbed 20 points, or 0.4%, to 5,609 around noon on Monday, reversing morning weakness, extending gains from the previous session, and hitting a record high, as easing oil prices offset the negative sentiment from the MAS's monetary policy tightening. The broader index tracked a rally in US futures due to easing Middle East tensions after the US paused strikes on Iran, while traders braced for big tech earnings. However, traders remained cautious ahead of the Fed's monetary policy decision and China's PMI data due this week. Fresh economic data also limited the gains, as Singapore's manufacturing output grew at the slowest pace since February. Health technology led the gains, followed by non-energy minerals and technology services. Financial stocks also traded in positive territory. Among the gainers were Hongkong Land (2.2%), Singapore Airlines (2.0%), UOL Group (1.2%), Jardine Cycle & Carriage (1.0%), UOB (0.8%), and Singapore Telecommunications (0.7%).
2026-07-27