Yanlord Land (Z25.SI) saw its stock soar by 3.48% during Monday's trading session, as Singapore shares rebounded strongly following a week of losses. The Straits Times Index (STI), Singapore's key benchmark, closed up 1.04% at 4,197.23 points, reflecting a broad-based rally in the market.
The surge in Singapore stocks was primarily attributed to positive sentiment stemming from US President Donald Trump's decision to extend the implementation date for tariffs. This move eased concerns about escalating trade tensions and boosted investor confidence across Asian markets, including Singapore.
Yanlord Land's impressive gain was part of a wider uptrend among Singapore-listed property and industrial stocks. Other notable performers included SingaporeLand, which jumped 5%, Sembcorp Industries, rising nearly 3%, and blue-chip companies like Singtel and Genting Singapore, both up over 2%. The robust performance across various sectors underscores the broad impact of the improved global trade outlook on the Singapore market.
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