Singapore Market Recovers: STI Climbs Amid Mixed Global Sentiment

Market Recovery: The Singapore stock market ended a three-day drop, with the Straits Time Index rising 0.19% on positive forecasts and bargain hunting in Asian markets. Investors may look for continued growth.

Date: 13-03-2025

AI Rating: 6

**Market Overview:** The Singapore stock market has shown resilience by snapping a three-day losing streak where it lost almost 100 points, equivalent to a 2.5% decline, concluding at 3,833.07. The Straits Time Index (STI) may continue to grow based on optimistic global forecasts, particularly in Asia, driven by positive sentiment associated with bargain hunting and a favorable outlook on interest rates. **Sector Performance:** Gains were observed particularly among REITs (Real Estate Investment Trusts) and properties. Notably, CapitaLand Integrated Commercial Trust surged by 2.46%, and DFI Retail soared by 8.57%. Financial and industrial sectors displayed mixed results, indicating selective buying in certain stocks based on performance outlook. **Global Context:** The report indicates a cautiously optimistic lead from the U.S. markets, where the S&P 500 gained 27.23 points or 0.49%, driven by better-than-expected consumer price data. While inflation eased slightly, concerns regarding the impact of new trade policies remain on the investors' mind. **Oil Prices:** Notably, oil prices rose due to a smaller-than-expected increase in U.S. crude oil inventories, closing at $67.68 per barrel. This rise in oil prices may impact companies dependent on oil prices and can lead to varied effects by sector. Overall, the market’s recovery reflects investor sentiment influenced by global cues, while challenges persist regarding trade policies and mixed economic data. Though specific financial metrics such as Earnings Per Share (EPS), Net Income, or Return on Equity (ROE) were not detailed in this report, the market’s resilience amidst mixed global outlook hints at cautious investor optimism.

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