Singapore's benchmark stock index has surpassed the significant psychological threshold of 5,000 points for the first time, signaling a revival for the once-dormant market. The FTSE Straits Times Index has been on a sustained upward trajectory in recent months, repeatedly setting new record highs as investors are drawn to government initiatives aimed at revitalizing the market and reinforcing its reputation as a safe haven during periods of volatility. Around midday on Thursday, the Straits Times Index was up 0.6% at 5,016.84 points, with broad market expectations for the benchmark to continue its ascent this year. J.P. Morgan Securities presents an optimistic scenario, projecting the index could reach 6,500 points, driven by favorable factors such as robust corporate earnings and high dividend yields.