Singapore Stock Benchmark's Gains Could Stay Incremental Amid Fresh Highs -- Market Talk

Dow Jones
01/12

0933 GMT - The Singapore benchmark stock index's gains could stay incremental rather than expansive if stock trading stays contained within the usual heavyweights, says Zavier Wong of eToro in a note. The FTSE Straits Times Index has edged to fresh highs without "much fanfare," largely supported by banks, defensive stocks and steady earnings in the region. The highs are likely to continue, he says, but progress is likely to be small unless investor participation widens beyond the usual heavyweights. Singapore's central bank-led push to improve liquidity in the stock market likely makes it easier for investors to stay allocated in the city-state's equities amid an increasingly confrontational global market, he adds. The FTSE Straits Times Index closed at a record high of 4766.78, up 0.5%. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 12, 2026 04:33 ET (09:33 GMT)

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