Singapore Stocks Rise

Date:

Share post:

Singapore Stocks End Higher Amid Thin Trading

Market Overview

Singapore stocks ended higher on Monday (December 30) despite declines across the region. The Straits Times Index rose 0.6 per cent or 24.1 points to 3,795.73.

Gainers and Losers

Sembcorp Industries was the top gainer on the index, gaining 1.7 per cent or S$0.09 to S$5.54. Thai Beverage was at the bottom of the table, having fallen 0.9 per cent or S$0.005 to S$0.545. All three banks also closed in positive territory. OCBC rose 1.1 per cent or S$0.18 to S$16.70. UOB gained 0.9 per cent or S$0.34 to S$36.36, and DBS rose 0.7 per cent or S$0.30 to S$43.85.

Broader Market Trends

Across the broader market, gainers beat losers 264 to 206, with 588.2 million securities worth S$676.2 million changing hands.

Regional Market Trends

Across the region, markets fell amid cautious trading. Japan’s Nikkei 225 index shed 1 per cent, and Hong Kong’s Hang Seng Index and South Korea’s Kospi each declined 0.2 per cent.

Expert Analysis

SPI Asset Management managing partner Stephen Innes noted that the mood towards the end of the year has moved towards risk mitigation, overshadowing the usual risk-seeking behaviour of previous "Santa Rallies". He attributed the rise in 10-year US yields to the term premium, reflecting compensation for elevated inflation expectations rather than growth prospects.

Conclusion

The Singapore stock market ended higher on Monday, despite declines across the region. The broader market saw gainers outperform losers, with a significant volume of securities changing hands. However, regional markets fell amid cautious trading, with experts attributing the trend to risk mitigation and elevated inflation expectations.

FAQs

Q: What was the performance of the Singapore stock market on Monday?
A: The Straits Times Index rose 0.6 per cent or 24.1 points to 3,795.73.

Q: Which stocks performed well on the index?
A: Sembcorp Industries, OCBC, UOB, and DBS were among the top gainers.

Q: What was the performance of regional markets?
A: Japan’s Nikkei 225 index shed 1 per cent, and Hong Kong’s Hang Seng Index and South Korea’s Kospi each declined 0.2 per cent.

Q: What is the outlook for the market in 2025?
A: Experts are cautious, citing the unpredictability of US trade policy under the incoming administration and the potential for further monetary easing.

Angela Lee
Angela Lee
Director of Research

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

- Advertisement -spot_img
- Advertisement -spot_img

Related articles

Oil prices fall into negative territory as Trump announces new tariffs

Oil Prices Fall as Trump Announces Reciprocal Tariffs Market Reactions to Trump's Tariff Announcement Oil prices fell sharply on Wednesday...

US: Wall St tumbles at open as Trump tariffs loom

US Stock Markets Open Sharply Lower as Investors Await Tariffs' Impact US stock indexes opened sharply lower on...

Maybank initiates coverage on Centurion with ‘buy’ call with construction boom in Singapore expected.

Poised to Gain from Construction Boom, Tighter Supply Maybank has initiated coverage of Centurion with a "buy" call, citing...