Singapore Stock Market Bounces Amid Mixed Global Signals

The Singapore stock market shows resilience with a bounce back, but expects to face pressure ahead. With the Straits Times Index increasing by 0.36%, market fluctuations continue as global interest rate concerns loom.

Date: 13-02-2025

AI Rating: 5

Market Performance Summary
The Singapore stock market registered an uptick on Wednesday, following a three-day winning streak. The Straits Times Index (STI) finished 0.36% higher, indicating a modest rebound despite global uncertainties around interest rates.

Global Economic Influences
The broader economic environment is bearish, especially in the U.S., where major indices like Dow and S&P 500 closed lower, reflecting investor concerns over inflation and interest rates. The consumer price increase has fueled speculation that the Federal Reserve might maintain higher interest rates for a longer duration.

Sector Performance and Stock Movements
Within the STI, categories such as properties, trusts, and industrials saw gains, though financial stocks had mixed performances. Individual stocks showed varied responses, with significant advancements from Seatrium Limited and Yangzijiang Shipbuilding, contrasting with declines in CapitaLand Integrated Commercial Trust and DFI Retail.

While the market is currently experiencing upward pressure, upcoming external factors like interest rate changes could lead to renewed downward pressure, especially if inflation continues to outpace expectations.

Stocks: SPY DBS ST Engineering Wilmar