0634 GMT - Singapore's benchmark FTSE Straits Times Index is likely to be range-bound, weighed by the banks, say Macquarie analysts in a note. The city-state's equities market is generally top-heavy, dominated by the financial sector and Singapore-listed real-estate investment trusts, they note. They expect less fundamental upside in the banks--generally index heavyweights--following three years of re-rating. Meanwhile, mid- to small-cap companies in Singapore could benefit from a combination of low interest rates, Singapore dollar strength and a trading liquidity boost stemming from a central-bank-led review of the equities market, according to the analysts. Macquarie's top small-mid-cap picks include iFast Corp., Frencken Group and UOB Kay Hian.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 01:34 ET (06:34 GMT)

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