STI Rises, Pulls Away from 4-Month Low

2026-11-05 03:31 By Chusnul Chotimah 1 min. read

The Straits Times Index (STI) rose 23 points, or 0.5%, to 5,292 in Thursday morning trade, after being almost flat in the previous session, tracking a rise on Wall Street overnight after Democrats won back control of Congress.

The broader index moved away from its lowest level since July 6, touched over the prior two sessions, amid disappointing earnings from heavyweight banks.

Moderating oil prices also fueled sentiment as inflation concerns and expectations of interest rate hikes eased.

Financials, technology services, and consumer services mainly drove the index, with notable gains from DFI Retail Group (4.3%), UOL Group (4.1%), SATS (3.1%), and Singapore Airlines (2.9%).

Meanwhile, UOB continued to fall (-2.1%) after posting Q3 net profit that missed expectations despite soaring 182% yoy.

DBS Group shed 0.6% after posting a 5% yoy drop in net profit.

However, traders braced for Q3 earnings reports from banking heavyweight OCBC, which is scheduled to release its results on Friday.



News Stream
STI Falls to Over 4-Month Low, Set for 2nd Weekly Drop
The Straits Times Index (STI) shed 118 points, or 2.2%, to 5,179 on Friday around noon, after rising in the previous session, tracking a fall on Wall Street overnight due to plunges in AI-related stocks amid worries that Democrats could introduce stricter regulations on the AI industry. The broader index touched its lowest level since July 1, mainly weighed down by losses in the electronic technology, communication, technology services, and financials sectors. However, Q3 earnings reports from banking heavyweight OCBC failed to lift the financial sector, which fell 0.9%, despite the bank posting net profit above estimates. Among the biggest laggards were Yangzijiang Shipbuilding (-6.0%), Singapore Technologies Engineering (-5.4%), Keppel (-4.8%), UOB (-2.9%), DBS (-2.3%), and OCBC (-0.5%). For the week, the index is heading for a 3.7% drop, which would mark its second straight weekly loss.
2026-11-06
STI Rises, Pulls Away from 4-Month Low
The Straits Times Index (STI) rose 23 points, or 0.5%, to 5,292 in Thursday morning trade, after being almost flat in the previous session, tracking a rise on Wall Street overnight after Democrats won back control of Congress. The broader index moved away from its lowest level since July 6, touched over the prior two sessions, amid disappointing earnings from heavyweight banks. Moderating oil prices also fueled sentiment as inflation concerns and expectations of interest rate hikes eased. Financials, technology services, and consumer services mainly drove the index, with notable gains from DFI Retail Group (4.3%), UOL Group (4.1%), SATS (3.1%), and Singapore Airlines (2.9%). Meanwhile, UOB continued to fall (-2.1%) after posting Q3 net profit that missed expectations despite soaring 182% yoy. DBS Group shed 0.6% after posting a 5% yoy drop in net profit. However, traders braced for Q3 earnings reports from banking heavyweight OCBC, which is scheduled to release its results on Friday.
2026-11-05
STI Sinks to Over 4-Month Low as Bank Stocks Weigh
The Straits Times Index (STI) dropped 39 points, or 0.7%, to 5,231 around noon on Wednesday, falling for a fourth consecutive session, mainly weighed down by banking stocks. The broader index touched its lowest level since July 2, amid disappointing earnings from heavyweight banks. UOB's Q3 net profit soared 182% yoy but missed market expectations. Traders also braced for Q3 earnings reports from banking heavyweights DBS and OCBC, which are scheduled to release their results on Thursday and Friday, respectively. Persistently high oil prices also pressured sentiment, raising concerns over inflation. A downbeat performance in US stock futures further weighed on the index, amid concerns over AI regulation following the possibility of a Democratic takeover of both chambers of Congress. Among the biggest laggards were UOB (-5.4%), Wilmar International (-1.0%), OCBC (-1.0%), DBS Group (-0.8%), and Singapore Airlines (-0.6%).
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