SGX Opens Higher As Global Optimism Lifts Sentiment
The benchmark Straits Times Index edged up by 0.1% in early trade, reflecting cautious optimism among investors following strong performances on Wall Street and easing geopolitical tensions in the Middle East. Early activity was led by gains in financials, real estate investment trusts (REITs) and consumer-related stocks.
Market sentiment was supported by a global rebound in equities, aided by cooling geopolitical risks after a ceasefire between Israel and Iran. This, coupled with optimism over global trade progress, lifted confidence across Asia-Pacific markets.
Adding to the positive tone was news that Japan's Nippon Telegraph and Telephone (NTT) had lodged a preliminary prospectus to list a data centre REIT on SGX. The move is seen as a significant endorsement of Singapore's appeal as a listing destination for global tech infrastructure assets.
Analysts noted that the local bourse is likely to maintain a 'steady-to-positive' trajectory this week, driven by a mix of external tailwinds and internal listing activity. SGX's recent push to attract more IPOs, including incentive measures, has also sparked optimism over longer-term market liquidity and investor participation.
As the trading day progressed, market breadth remained healthy, with more advancers than decliners, signalling resilient investor appetite at the start of the new quarter.
With key economic data releases and corporate developments expected in the days ahead, traders will be watching for further signs of momentum in both global and regional markets. Related
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