STI Crosses 5,800 Mark, Tracks Wall Street Higher

2026-09-04 03:21 By Chusnul Chotimah 1 min. read

Singapore stocks rose 55 points, or 1.0%, to a new record high of 5,803 around noon on Friday, up for the third straight session and tracking an upbeat session on Wall Street overnight amid easing US Treasury yields.

The broader index crossed the 5,800 level for the first time, mainly buoyed by gains in communication, non-energy minerals, and finance.

However, rising oil prices capped the gains amid heightened inflation concerns and reinforced expectations of an interest rate hike amid escalating Middle East tensions.

Traders also anticipated the release of Singapore’s retail sales figures for July and US jobs data due later today.

Caution was also building ahead of the release of China’s consumer and producer prices, as well as trade data due next week.

Among early gainers were Hong Kong Land (4.2%), Yanzijiang Shipbuilding (3.6%), City Developments (2.4%), OCBC (1.2%), and UOB (1.1%).

For the week, the index is heading for a 1.8% rise.



News Stream
STI Crosses 5,800 Mark, Tracks Wall Street Higher
Singapore stocks rose 55 points, or 1.0%, to a new record high of 5,803 around noon on Friday, up for the third straight session and tracking an upbeat session on Wall Street overnight amid easing US Treasury yields. The broader index crossed the 5,800 level for the first time, mainly buoyed by gains in communication, non-energy minerals, and finance. However, rising oil prices capped the gains amid heightened inflation concerns and reinforced expectations of an interest rate hike amid escalating Middle East tensions. Traders also anticipated the release of Singapore’s retail sales figures for July and US jobs data due later today. Caution was also building ahead of the release of China’s consumer and producer prices, as well as trade data due next week. Among early gainers were Hong Kong Land (4.2%), Yanzijiang Shipbuilding (3.6%), City Developments (2.4%), OCBC (1.2%), and UOB (1.1%). For the week, the index is heading for a 1.8% rise.
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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%).
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