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Straits Times
15-07-2025
- Business
- Straits Times
Singapore shares rise, tracking regional gains; STI up 0.3%
Find out what's new on ST website and app. Across the broader market, advancers outnumbered decliners 370 to 163, after 1.8 billion securities worth $1.4 billion were traded. SINGAPORE - The benchmark Straits Times Index (STI) continued its record-breaking streak for a second day running to close higher on July 15. The STI rose 0.3 per cent or 10.61 points to 4,119.82, after hitting an intra-day high of 4,129.77. Across the broader market, advancers outnumbered decliners 370 to 163, after 1.8 billion securities worth $1.4 billion were traded. The top gainer on the benchmark index was investment company Jardine Matheson Holdings, which rose 3.9 per cent or US$1.92 to US$51.45. The biggest decliner was property developer UOL. The counter fell 1.3 per cent or $0.09 to $6.75. Beverage distributor Thai Beverage was the most actively traded counter by volume, with 56.2 million units worth $26.7 million traded. The counter rose 1.1 per cent or $0.005 to $0.475. Regional bourses mostly ended July 15 higher. Japan's Nikkei 225 rose 0.6 per cent and Hong Kong's Hang Seng Index was up 1.6 per cent. Australia's ASX 200 gained 0.7 per cent, while South Korea's Kospi rose 0.4 per cent. Mr Stephen Innes, managing partner of SPI Asset Management, said that market watchers still expect the US Federal Reserve to reduce interest rates in 2025. However, whether the rate cuts will be a 'smooth descent' depends on the level of inflation. If the US' tariffs affect the prices of household goods and durable consumption, driving up the upcoming figures for the US consumer price index – which is an indicator for inflation – cuts to interest rates might be thrown off course, Mr Innes added.
Business Times
15-07-2025
- Business
- Business Times
Singapore shares rise, tracking regional gains; STI up 0.3%
[SINGAPORE] The benchmark Straits Times Index (STI) continued its record-breaking streak for a second day running to close higher on Tuesday (Jul 15). The STI rose 0.3 per cent or 10.61 points to 4,119.82, after hitting an intra-day high of 4,129.77. Across the broader market, advancers outnumbered decliners 370 to 163, after 1.8 billion securities worth S$1.4 billion were traded. The top gainer on the benchmark index was investment company Jardine Matheson Holdings which rose 3.9 per cent or US$1.92 to US$51.45. The biggest decliner was property developer UOL . The counter fell 1.3 per cent or S$0.09 to S$6.75. Beverage distributor Thai Beverage was the most actively traded counter by volume, with 56.2 million units worth S$26.7 million traded. The counter rose 1.1 per cent or S$0.005 to S$0.475. Regional bourses mostly ended Tuesday higher. Japan's Nikkei 225 was up 0.6 per cent and Hong Kong's Hang Seng Index up 1.6 per cent. Australia's ASX 200 was up 0.7 per cent, while South Korea's Kospi was up 0.4 per cent. Stephen Innes, managing partner of SPI Asset Management, said that market watchers still expect the US Federal Reserve to reduce interest rates this year. However, whether the rate cuts will be a 'smooth descent' depends on the level of inflation, he added. If the US tariffs affect the prices of household goods and durable consumption, driving up the upcoming figures for the US Consumer Price Index – which is an indicator for inflation – cuts to interest rates might be thrown off course, Innes noted.
Straits Times
24-06-2025
- Business
- Straits Times
Singapore shares rise on Israel-Iran ceasefire and Wall St rally; STI up 0.7%
The benchmark Straits Times Index gained 0.7 per cent or 25.04 points to 3,904.3. PHOTO: LIANHE ZAOBAO Singapore shares rise on Israel-Iran ceasefire and Wall St rally; STI up 0.7% SINGAPORE - Local shares ended higher on June 24, tracking a rally on Wall Street after the US brokered a ceasefire in the conflict between Israel and Iran. The benchmark Straits Times Index (STI) gained 0.7 per cent or 25.04 points to 3,904.3. Across the broader market, gainers outnumbered losers 346 to 174, after 1.2 billion securities worth $1.4 billion changed hands. Elsewhere in Asia, key indexes largely closed higher. The Hang Seng Index rose 2.1 per cent, the Nikkei 225 gained 1.1 per cent and the Kospi was up 3 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI lost 0.2 per cent. Mr James Ooi, market strategist at Tiger Brokers, said there were already signs of a relatively muted market impact from the Israel-Iran conflict, and investors now appear to be pricing in a potential extension of the ceasefire. But investors still need to remain cautious, he said. 'If the conflict re-escalates, particularly if oil prices spike again, it could reignite inflation fears and trigger renewed market volatility,' he said. In the meantime, market participants are likely to stay focused on larger macro drivers such as ongoing tariffs, deregulations, tax cuts, and US President Donald Trump's anticipated 'Big Beautiful Bill', he added. On the STI, Jardine Matheson Holdings was the top gainer, rising 2.3 per cent to US$46.35. Singtel was the biggest decliner, falling 1.5 per cent to $3.83. The local banks were up. DBS Bank gained 1 per cent to $44.30, OCBC Bank rose 1.4 per cent to $16.16 and UOB closed 1.6 per cent higher at $35.32. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
24-06-2025
- Business
- Business Times
Singapore shares rise on Israel-Iran ceasefire; STI up 0.7%
[SINGAPORE] Local shares ended higher on Tuesday (Jun 24), tracking a rally on Wall Street after the US brokered a ceasefire in the conflict between Israel and Iran. The benchmark Straits Times Index (STI) gained 0.7 per cent or 25.04 points to 3,904.3. Across the broader market, gainers outnumbered losers 346 to 174, after 1.2 billion securities worth S$1.4 billion changed hands. Elsewhere in Asia, key indices largely closed higher. The Hang Seng Index rose 2.1 per cent, the Nikkei 225 gained 1.1 per cent, while the Kospi Composite Index was up 3 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI lost 0.2 per cent. James Ooi, market strategist at Tiger Brokers, said there were already signs of a relatively muted market impact from the Israel-Iran conflict, and investors now appear to be pricing in a potential extension of the ceasefire. But investors still need to remain cautious, Ooi said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'If the conflict re-escalates, particularly if oil prices spike again, it could reignite inflation fears and trigger renewed market volatility,' he said. In the meantime, market participants are likely to stay focused on larger macro drivers such as ongoing tariffs, deregulations, tax cuts, and US President Donald Trump's anticipated 'Big Beautiful Bill', he added. On the STI, Jardine Matheson Holdings was the top gainer, rising 2.3 per cent to US$46.35. Singtel was the biggest decliner, falling 1.5 per cent to S$3.83. The local banks were up. DBS gained 1 per cent to S$44.30, OCBC rose 1.4 per cent to S$16.16, while UOB closed 1.6 per cent higher at S$35.32.
Straits Times
19-06-2025
- Business
- Straits Times
Singapore stocks sink after Powell signals higher inflation; STI down 0.7%
The downbeat messaging sent the benchmark Straits Times Index (STI) sliding 0.7 per cent or 26.63 points to 3,894.18. PHOTO: ST FILE SINGAPORE – Local shares mirrored falls across global markets on June 19 amid concerns about sticky US inflation and growing unease over the escalating tensions in the Middle East. An air of pessimism set in for the trading day when US Federal Reserve chair Jerome Powell warned that consumers are expected to face higher prices due to the Trump administration's proposed import tariffs. He also dampened hopes about impending interest rate cuts in coming months. The downbeat messaging sent the benchmark Straits Times Index (STI) sliding 0.7 per cent or 26.63 points to 3,894.18 – its second straight negative session – with losers outpacing gainers 315 to 167 across the broader market on lacklustre trade of 980 million securities worth $933 million. The STI's top performer was conglomerate Jardine Matheson Holdings, up 0.9 per cent to US$46.26, while brewer Thai Beverage led the laggards, falling 3.2 per cent to 45 cents. Red ink also washed over the local banks: DBS fell 0.7 per cent to $43.93; OCBC declined 0.3 per cent to $15.99; and UOB closed 0.3 per cent lower at $34.71. Regional bourses ended mostly lower on the same concerns that were flagged here. Japan's Nikkei 225 fell 1 per cent, Malaysian shares declined 0.7 per cent, the ASX in Australia slipped 0.1 per cent and Hong Kong's Hang Seng tumbled 2 per cent. The Kospi in Seoul managed to buck the trend, adding 0.2 per cent. Wall Street put on modest gains early in the session overnight but those gains were steadily trimmed back, leaving the three key indexes largely unchanged, although there is rising concern surrounding the security of oil supplies if the Middle East conflict affects shipping in the Strait of Hormuz. Mr Suan Teck Kin, head of research at UOB Global Economics & Markets Research, said his team is still projecting three 25-basis-point rate cuts in the US – in September, October and December – and two cuts in 2026. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
