Market Updates

The STI dropped 0.7% following US rate hike, analysts expect banks to benefit

The Straits Times Index fell 39 points to 5,656.11 As expected, the US Federal Reserve raised rates by 25 basis points Fed also signalled at least one more rate hike this year ...

Read More

Higher bond yields and oil prices cut 1.8% off STI, sending it below 5,700

The STI fell below 5,700, down 1.8% Oil prices rose above US$100 a barrel on renewed US-Iran fighting Latest US inflation data sparked rise in bond yields, 87% chance of rate hike...

Read More

Driven by the banks, the STI closed at a new all-time high of 5,801.96

Gains of 3-3.9% by the banks pushed the STI up 1.8% Strong US Aug jobs report boosted case for rate hike; Trump calls for rate cut Keppel DC Reit to buy two...

Read More

Monthly Market Wrap: A new all-time closing high for the STI, in a month in which it gained 2.3%

STI’s total return for Aug was 3.4%: SGX Research Yangzijiang Shipbuilding the way with 22.5% surge: SGX Research Bank profits remain robust, boosted by wealth management Singtel’s Q1 underlying net profit up...

Read More

Muted activity ahead of Fed chief’s inflation comments, STI up modest 0.2%

The STI added 11 points or 0.2% at 5,699.93 in cautious trading A hawkish Warsh speech pointed to a US rate hike this year OUE unit proposes to privatise OUE Healthcare in...

Read More

In line with Wall St, the market took a breather with STI down 0.1% below 5,700

The STI fell about 0.1% in uneven trading to 5,688.96 Rising US bond yields meant US indices also closed lower over the week All eyes on Fed chief Kevin Warsh and his...

Read More

The STI gained 0.8% at a new all-time high of 5,743.59

Wall Street indices were mixed though S&P 500 hit a new high Analysts think DBS & OCBC could have more upside – but maybe not UOB Singtel Q1 gain drops 71% to...

Read More

DBS and OCBC power the STI to a 1.2% gain just below 5,700

The STI surged 1.2% to 5,698.43, driven by record highs for DBS and OCBC US indices rise to all-time highs DBS 2Q net profit up 9% to S$3.08b; S$0.81 dividend declared UOB’s...

Read More

Monthly Market Wrap: Banks Led STI to Unprecedented Highs above 5,700

The STI gained almost 9% over the month, closing at a new high of 5,713.19 on 29 July thanks mainly to the banks For the week, the index’s gain was 0.7% at...

Read More

Banks continued to power the STI to new highs; Wall St becoming more concerned with AI spending

The Straits Times Index reached a new all-time closing high of 5,595.42 on Wed The net gain for the week was about 79 points or 1.43% at 5,588.34 Wall St investors becoming...

Read More