Stocks in Singapore Hit All-time High

Singapore stocks rose 36 points, or 0.6%, to a record high of 5,780 around noon on Thursday, extending gains from the previous session and tracking a rally on Wall Street overnight, buoyed by heavyweight tech stocks. The latest data also lifted sentiment, after a private survey showed Singapore’s private sector continued to grow solidly in August. Non-energy minerals, transportation, producer manufacturing, and finance mainly supported the broader index. However, traders anticipated the release of July retail sales data on Friday, after retail sales accelerated in June. Rising oil prices capped the gains amid heightened inflation concerns and reinforced expectations of an interest rate hike amid escalating Middle East tensions. Among the top gainers were DFI Retail Group (3.4%), Hong Kong Land (2.8%), Yangzijiang Shipbuilding (1.7%), DBS Group (1.3%), and OCBC (1.2%).

STI increased to an all-time high of 5776.00 Index Points. Over the past 4 weeks, FTSE Straits Times Index gained 2.35%, and in the last 12 months, it increased 33.92%.

Singapore's stocks fell 36 points, or 0.6%, to 5,718 in Wednesday morning trade, erasing gains from the previous three sessions, as traders took profits after the index hit a record high a day earlier. The STI closed at 5,754 on Tuesday, buoyed by strong economic data following an upward revision to Q2 GDP growth to 5.9%. The broader index tracked a decline on Wall Street overnight, as rising oil prices raised concerns over inflation and expectations of an interest rate hike. Traders were cautious ahead of the release of US inflation data later today for clues about the Fed's monetary policy decisions at its upcoming meeting. However, fresh data capped the fall, as Singapore's current account surplus widened in Q2 from the same period in 2025. Communication, technology services, and finance mainly weighed on the index, with the biggest laggards being Jardine Matheson Holdings (-2.2%), Jardine Cycle & Carriage (-1.0%), OCBC (-0.9%), and Hongkong Land Holdings (-0.8%).