FINWIRES · TerminalLIVE
FINWIRES

Straits Times Index

^STI
IndexIndex

380 stories mentioning Straits Times IndexUpdated 2d ago

Singapore's benchmark surged Monday, tracking regional gains after a US-Iran deal to reopen the Strait of Hormuz lifted investor sentiment.

Asia

Singapore Shares End Week Higher, Track Regional Gains; CNMC Goldmine Surges 10%

Singapore shares surged at the close on Friday, tracking regional gains, after a lukewarm US jobs report that could have the bearing on an imminent interest rate hike from the US Federal Reserve.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,197.02 and 5,244.29 throughout the day. It ended the session at 5,244.29, up 27.14 points or 0.5% compared to Thursday's close.On the corporate front, shares of CNMC Goldmine (SGX:5TP) surged over 10% at the close as it secured an in-principle approval from the SGX-ST for a transfer to the Mainboard of the Singapore Exchange Securities Trading.Elite UK REIT (SGX:MXNU) closed nearly 2% higher as it disposed of four properties in Wales, UK, for 6 million pounds sterling.Meanwhile, Medi Lifestyle's (SGX:Z4D) rights issue at SG$0.02 per share closed on June 29, more than twice oversubscribed, with the health services company raising over SG$3.6 million.

^STISGX:5TPSGX:MXNUSGX:Z4D
International

Market Chatter: Singapore Lands Among Top Five Finance Hubs Globally

Singapore has emerged as one of the top five finance hubs in the world along with the U.S., UK and Hong Kong, according to a Bloomberg report on Friday, citing the latest rankings of UK-based think tank New Financial.The city-state has been steadily attracting foreign bank assets and direct investment, which propelled it from the ninth place it secured in 2015, the report said.Singapore has surpassed economic giants like China and investment fund center Luxembourg, based on international activity in sectors such as assets under management, foreign bank holdings, and private and public fundraising, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Singapore Shares Marginally Open Higher Amid Cautious Trading

Singapore shares opened marginally higher on Friday as investors remained cautious amid a mixed overnight session on Wall Street, with the Dow Jones Industrial Average closing at a record high while losses in technology shares dragged the Nasdaq Composite.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose marginally in early trade by 0.07%, or 3.99 points, to open at 5,221.140.Early trading witnessed 67.55 million shares worth SG$201.54 million traded, with gainers outnumbering losers 85 to 72, which indicated selective buying across the broader market.An S&P Global survey published Friday morning showed that Singapore's private-sector activity strengthened in June, with the S&P Global Singapore Purchasing Managers' Index rising to 57.4 from 56.7 in May.

^STI
International

Singapore's Private Sector Activity Strengthens in June, S&P Global PMI Shows

Operating conditions across Singapore's private sector improved in June, with the headline S&P Global Singapore Purchasing Managers' Index (PMI) coming in at 57.4, according to data released on Friday.The latest reading, which tracks overall economic activity across the private sector, rose from 56.7 in May and remained above the 50 threshold separating growth from contraction.The stronger headline reading was driven by sustained growth in new business, renewed hiring and stronger purchasing activity, even as output growth slowed to a 10-month low.The outlook for the coming year also improved as firms built inventories and expanded staffing in anticipation of stronger demand.Employment returned to growth after two months of job cuts, supported by the hiring of temporary and part-time workers.Among other components, overall cost inflation accelerated to a survey record, driven by stronger wage growth and higher supplier, freight, energy and fuel costs.

^STI
Asia

Singapore Shares Surge Over 1% as US-Iran Show Resolve to Continue Peace Talks

Singapore shares surged more than 1% at the close on Thursday with investors responding positively to the chances of the US and Iran continuing their peace dialogue.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,164.95 and 5,217.15 throughout the day. It ended the session at 5,217.15, up 55.65 points or 1.1% compared to Wednesday's close.In an official post on X, Pakistan's Ministry of Foreign Affairs revealed the two parties agreed to continue discussions following the funeral procession of the former Iranian Supreme Leader.On the corporate front, shares of Stoneweg Europe Stapled Trust (SGX:SET) were up nearly 3% at the close as its total portfolio valuation during the first half of the year rose 1.1% to 2.15 billion euros.CapitaLand Integrated Commercial Trust (SGX:C38U) closed over 1% higher as it completed the acquisition of Paragon.Meanwhile, shares of GuocoLand (SGX:F17) closed under 1% higher as it secured a SG$634.7 million green club facility from Oversea-Chinese Banking Corporation (SGX:O39) and Industrial and Commercial Bank of China's ( HKG:1398, SHA:601398) Singapore branch.

^STISGX:C38USGX:F17SGX:SET
Asia

Market Chatter: Singapore's BDx Data Centers Evaluating IPO, Other Funding Options to Support Expansion

Singapore-based BDx Data Centers is considering an initial public offering among its funding options as it seeks capital to expand across Asia and capitalize on booming AI demand, Reuters reported Thursday, citing CEO Mayank Srivastava.Srivastava said the company is evaluating all fundraising options, with its choice ultimately depending on the capital needed to support growth. He added that BDx has not set a timeline for a potential IPO and remains open to listing in any market, according to the report.Founded in 2019, BDx operates data centers for cloud providers and large enterprises across Asia. It is backed by I Squared Capital, a global infrastructure investor with about $60 billion in assets under management, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STI
Asia

Foundation Healthcare Launches Singapore IPO to Raise Around SG$242 million

Private healthcare group Foundation Healthcare Holdings is planning to raise around SG$242 million for its initial public offering (IPO) on the mainboard of the Singapore Exchange (SGX), according to a prospectus filed with the Monetary Authority of Singapore on Wednesday.As per the document, the ​healthcare group will offer 162.6 million shares at SG$0.76 each, amounting to around ​SG$124 million from the offering.In connection with the IPO, ​10 cornerstone investors have committed about S$118 million, for an aggregate of 155.6 million cornerstone shares at the rate of SG$0.76 per share.The company plans to use the net proceeds from the IPO for investments in and acquisitions of clinical practices and medical centers in Singapore, regional expansion in Malaysia and Hong Kong, and general corporate and working capital purposes.The public offer will close on July 6, and trading ⁠in the shares is expected ​to start on July 8.

^STI
Asia

Singapore Shares Open Marginally Higher, Investors Eye Cues on US Fed Rate, Iran War

Singapore shares opened nearly flat with a positive bias on Thursday, taking cues from the choppy movement in the U.S. markets that closed lower on Wednesday.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose marginally in early trade by 0.4%, or 18.71 points, to open at 5,180.21.Investors are taking cautious calls and watching out for cues on interest rates and developments in the Middle East.U.S. Federal Reserve Chairman Kevin Warsh on Wednesday said the risks of higher inflation have receded; however, he did not comment on whether the central bank needed to consider a rate increase later this month.Investors are also closely eyeing the development in Iran as Qatar says "positive progress" has been made in US-Iran negotiations during the first indirect talks.

^STI
International

Singapore Home Prices Rise at Slower Pace in Q2

Singapore home prices rose at a slower pace in the second quarter, recording a 0.5% gain versus the 0.9% increase witnessed during the first three months of the year, according to preliminary data published by the Urban Redevelopment Authority Wednesday.The pace of increase was also slower than the 1% rise in the same quarter last year, but came ahead of the Trading Economics forecast of a 0.4% rise.The government agency warned that the macroeconomic outlook remained "highly uncertain."

^STI
Asia

Singapore Shares Remain in Red as Iran Remains Insistent on MoU Provisions

Singapore shares remained in the red on Wednesday, with Iran continuing to insist on the provisions of its agreement with the US to be implemented before a final deal.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,158.63 and 5,196.54 throughout the day. It ended the session at 5,161.50, down 9.15 points or 0.2% compared to Tuesday's close.On the corporate front, shares of NoonTalk Media (SGX:SEJ) surged nearly 27% at the close as it signed a non-binding MoU with Neusoft Education Technology to explore collaboration opportunities in AI for AI-generated content and other initiatives.ASTI Holdings (SGX:575) closed nearly 2% higher as it received the first installment of a settlement payment of SG$300,000 from Advanced Systems Automation (SGX:WJ9).Meanwhile, ISOTeam (SGX:5WF) secured around SG$20.4 million worth of contracts.

^STISGX:575SGX:5WFSGX:SEJ
Asia

Fitch Says Asia Investors Eye AI, Private Credit, Sovereign Risks

Fitch Ratings said institutional investors across Asia are increasingly focused on risks related to artificial intelligence, private credit and sovereign credit, according to a Tuesday press release.The ratings agency said investors are closely monitoring rising spending on AI infrastructure, execution risks and pricing pressure.It warned that rapid adoption of artificial intelligence could displace workers and erode tax bases, particularly in developed markets.Fitch said investors also remain concerned about intensifying competition and limited transparency in private credit, particularly in the U.S. middle-market lending sector.However, it does not expect the asset class to pose a systemic risk on its own.On sovereigns, Fitch said investors are assessing Indonesia's policy credibility, fiscal transparency and the role of its new sovereign wealth fund, Danantara, while continuing to view Japan and South Korea as relatively resilient despite longer-term fiscal and structural challenges.The agency added that geopolitical tensions in the Gulf continue to pose downside risks, although the direct credit impact has so far been modest.

^BSE^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
International

Singapore's Official Reserves Assets, Foreign Currency Reserves Swell in May

Singapore's official reserve assets rose to $430.1 billion in May from $427.3 billion reported a month ago, according to the International Reserves and Foreign Currency Liquidity data released by the Monetary Authority of Singapore on Tuesday.Foreign currency reserves, in convertible foreign currencies, also rose to $416.9 billion in the reported month from $414.5 billion in April.The country's IMF reserve position slipped to $1.44 billion in May against $1.45 billion reported a month earlier.Meanwhile, gold reserves, including gold deposits and gold swapped, also rose to $4.90 billion from $4.39 billion in April.

^STI
International

Singapore's Banking Sector Lends Record SG$917 Billion in May

Singapore's banking sector lent a record SG$917.7 billion to consumers and businesses in May, up from SG$908.4 billion in the previous month, according to data released Wednesday by the Monetary Authority of Singapore.The lending value beat the Trading Economics forecast of SG$912 billion, and compared with the SG$844.6 billion in loans extended a year earlier.Business loans jumped to SG$557.76 billion from SG$551.28 billion in April, while consumer loans edged up to SG$359.97 billion from SG$357.10 billion a month prior.

^STI
Asia

Singapore Shares Open Higher on Biggest Oil Price Drop in Six Years

Singapore shares opened higher on Wednesday as investor sentiment was lifted, owing to the biggest quarterly decline in oil prices in six years on Tuesday, as a U.S.-Iran ceasefire and increased shipping via the Strait of Hormuz led global crude prices to decline over 20% in June.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose nearly 0.31%, or 16.14 points, to open at 5,186.790. The gains were in line with a few other Asian markets, namely Japan, Taiwan, and Malaysia, which were trading higher in Wednesday morning trade.Brent crude fell 0.3% to settle at $72.92 a barrel on Tuesday, losing nearly 21% in June and slashing 38% in the second quarter, its biggest quarterly decline since the first quarter of 2020. U.S. benchmark WTI crude dropped 1.8% to $69.50 a barrel, losing 20% for the month and 31% for the quarter, also indicating its steepest quarterly decline since early 2020.In other news, U.S. envoys Jared Kushner and Steve Witkoff are in Doha, but no talks with Iranian officials are scheduled, according to Iran's Foreign Ministry.The ministry added that the Strait of Hormuz mine-clearance was governed by an existing memorandum of understanding and does not require third-party involvement. Parliament Speaker Mohammad Bagher Ghalibaf said Iran will not negotiate a final agreement with the U.S. until all memorandum of understanding provisions, including a ceasefire in Lebanon and the release of frozen Iranian assets, are followed through.

^STI
Asia

Singapore Flags Higher Electricity, Town Gas Tariffs in Q3

Singapore's regulated electricity and town gas tariffs are slated to increase in the third quarter, according to a government release on Tuesday.The surge, largely due to the Middle East conflict, resulted in elevated prices from April to June.The city-state's tariffs are set quarterly based on gas prices from the first 2.5 months of the previous quarter, which means that the spike will now be reflected in the July to September tariffs.

^STI
Asia

Singapore Launches Tender for Purpose Build Dormitory

Singapore's Ministry of Manpower and Ministry of National Development, through JTC, launched a tender for the Gali Batu purpose-built dormitory site with 10,000 bed spaces.The development will offer 3,000 square meters of commercial space, with the site carrying a 30-year tenure, according to a ministry release on Tuesday.

^STI
Asia

Singapore Launches Tenders for Two Sites Under Land Sales Program

JTC launched tenders for two industrial sites under the first half of the 2026 Industrial Government Land Sales program.Both sites carry a 33-year tenure, with the tender expected to close on Aug. 25, according to a Tuesday government release.

^STI
Asia

Singapore Shares Incur Losses as Confusion Reigns Over US-Iran Potential Meeting

Singapore shares crashed nearly 1% at the close on Tuesday, with Iran denying claims of requesting a meeting with the US following exchange of strikes last week.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,164.01 and 5,213.01 throughout the day. It ended the session at 5,170.65, down 38.10 points or 0.7% compared to Monday's close.On the corporate front, shares of Soup Holdings (SGX:5KI) were up over 4% at the close even as it forecasted a net loss for the fiscal half ended Dec. 31.DBS Group (SGX:D05) was down nearly 1% as it completed its inaugural synthetic securitization transaction, referencing a $1 billion diversified portfolio of corporate loans.Meanwhile, shares of Nam Cheong (SGX:1MZ) were down nearly 1% as its unit, Nam Cheong Pioneer, established a new subsidiary in the UAE named, SK Marine Ships Management and Operation.

^STISGX:1MZSGX:D05
Asia

Nomura Holdings Files for Singapore Listing of $3.5 Billion Bonds

Nomura Holdings (TYO:8604) filed for the listing of $3.5 billion worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The Japanese financial services provider filed for $1 billion worth of 4.996% senior fixed rate bonds due 2029, $700 million worth of 5.166% senior fixed rate bonds due 2031, $1 billion worth of 5.545% senior fixed rate bonds due 2036, $500 million worth of senior floating rate bonds due 2029 and $300 million worth of senior floating rate bonds due 2031.The bonds will be listed and quoted on the Bonds Market on July 1.

^STITYO:8604
Asia

Standard Chartered Bank (Singapore) Files for Singapore Listing of GBP500 Million Bonds

Standard Chartered Bank (Singapore), a unit of Standard Chartered (HKG:2888), filed for the listing of 500 million pounds worth of floating-rate covered bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted on the Bonds Market on July 1, the bank said.

^STIHKG:2888

Showing 101-120 of 380

Track with the FINWIRES app suite

FolioX
FolioX
Track Straits Times Index in your portfolio
WheelAI
WheelAI
Analyze Straits Times Index options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Straits Times Index