SGX Weekly Review | STI Hits Record High as 8A8 Soars Over 15%, UOB Peaks, DBS Up 2%
Singapore’s equities market posted strong gains this week, tracking a broader rally across regional markets. A weaker-than-expected U.S. nonfarm payroll report eased market concerns over monetary tightening risks. The Straits Times Index (STI) climbed more than 1% for the week, closing at a record high of 5,244.29 points.
In terms of individual stocks, $UOB(U11.SI)$ gained over 1% this week to hit a record high. $DBS(D05.SI)$ rose more than 2% across the week, $OCBC Bank(O39.SI)$ advanced 1.8%, while $YZJ Shipbldg SGD(BS6.SI)$ climbed 1.7%.
Market News
New opportunities for Singapore businesses as Timor-Leste diversifies economy: PM Wong
As Timor-Leste pivots away from oil towards tourism and the blue economy, Singapore businesses can tap these emerging prospects, leveraging improving ties between the two South-east Asian neighbours.
Singapore business associations may consider mounting missions to Timor-Leste so companies can see for themselves the various areas of engagement that exist, said Prime Minister Lawrence Wong.
Soon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor
Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, 2026, after close to a decade at the group. She will move to a group advisory role after stepping down, the property group announced in a bourse filing on Friday (Jul 3).
URA releases carved-out Jurong Lake District site for sale
The Urban Redevelopment Authority (URA) on Friday (Jul 3) launched a public tender for the first Jurong Lake District (JLD) plot at Town Hall Link.
Personal data of 70,000 people compromised after cybersecurity incident involving SLA vendor IBM
The Singapore Land Authority (SLA) has disclosed that a cloud environment managed by IT software giant IBM was affected by a cybersecurity incident involving unauthorised access.
SIA Engineering, Air India ink MOU to explore MRO collaboration opportunities
SIA Engineering and Air India on Friday (Jul 3) signed a memorandum of understanding (MOU) to explore opportunities to collaborate in maintenance, repair and overhaul (MRO) aspects.
MAS partners finance industry players to develop safeguards for AI agents
The Monetary Authority of Singapore (MAS) on Friday (Jul 3), along with financial institutions and fintech companies, published an industry white paper on developing safeguards for AI agents in finance.
$(5E2.SI)$ $(F34.SI)$ $(O39.SI)$ $(S68.SI)$ $(STI.SI)$ $(U11.SI)$ $DBS(D05.SI)$ $YZJ Shipbldg SGD(BS6.SI)$ $(ES3.SI)$ $(G3B.SI)$ $(GAB.SI)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
