The Singapore stock market has moved higher in two of three trading days since the end of the four-day slide in which it had surrendered almost 30 points or 0.9 percent. The Straits Times Index now rests just beneath the 3,310-point plateau and it may extend its gains on Tuesday.
The global forecast for the Asian markets is upbeat, with continued bargain hunting expected to lead the markets higher. The European and U.S. markets were up and the Asian markets are expected to follow suit.
The STI finished modestly higher on Monday following gains from the financials and telecoms, while the industrials and properties were mixed.
For the day, the index climbed 28.97 points or 0.88 percent to finish at 3,308.69 after trading between 3,293.78 and 3,310.48. Volume was 1.43 billion shares worth 1.17 billion Singapore dollars.
Among the actives, Yangzijiang Shipbuilding surged 3.59 percent, while City Developments spiked 3.50 percent, Genting Singapore soared 2.16 percent, Oversea-Chinese Banking Corporation climbed 1.61 percent, DBS Group jumped 1.20 percent, Singapore Press Holdings skidded 1.07 percent, United Overseas Bank collected 1.05 percent, SembCorp Industries shed 0.97 percent, CapitaLand Mall Trust advanced 0.97 percent, Thai Beverage added 0.54 percent, Global Logistic Properties fell 0.31 percent, SingTel picked up 0.27 percent and Golden Agri-Resources and Wilmar International were unchanged.
The lead from Wall Street is firm as stocks moved higher on Monday, continuing to rebound from last week's selloff.
The Dow added 135.39 points or 0.6 percent to 21,993.71, the NASDAQ jumped 83.68 points or 1.3 percent to 6,340.23 and the S&P surged 24.52 points or 1 percent to 2,465.84.
The strength was due to bargain hunting as traders picked up stocks at reduced levels. But trading activity was subdued with a lack of economic data keeping traders on the sidelines.
Semiconductor stocks showed a significant move to the upside, as did financial, computer hardware and transportation stocks.
But crude oil futures fell sharply Monday, trimming recent gains as traders bet the global oil supply glut will continue. WTI light sweet crude oil was down $1 at $47.88 barrel, easing from 11-week highs.
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Market Analysis
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.