Market Snapshot

On Wednesday, Singapore stocks opened lower, with the STI index falling 0.6%. JMH USD rose more than 2%, and AEM SGD gained over 1%. DBS fell 0.5%, while OCBC Bank dropped more than 3% in early trading.

Stocks in Focus

The following company saw new developments that may affect trading of its securities on Wednesday (Oct 7):

ESR-Reit : The real estate investment trust (Reit) manager said on Tuesday that it has recovered around 75 per cent of outstanding arrears resulting from a default in rental payments at some of its Australian properties. This leaves A$3 million (US$2.1 million) in outstanding arrears, after they were recovered through the partial drawdown of the banker’s guarantees. Units of ESR-Reit closed flat at S$2.04 on Tuesday, before the announcement.

SG Local News

MAS’ third EQDP shot of S$1.45 billion a catalyst for small and mid-caps to catch up: JPMorgan

Small and mid-cap stocks (SMIDs) stand to gain from a third tranche of Singapore’s Equity Market Development Programme (EQDP), with a S$1.45 billion injection that could be a “catalyst” for SMIDs to catch up, JPMorgan Chase said in a recent report.

While the first two allocations of S$4.5 billion in seed funds have brought on a burst of liquidity since the programme was first rolled out in July 2025, mid-cap stocks have trailed the benchmark index.

“We expect the (third) allocation of funds to favour SMID stocks, in line with the market development strategy,” said JPMorgan equity macro research analysts Khoi Vu and Rajiv Batra in a note dated Sep 30.