The Singapore stock market has moved higher in back-to-back trading days, gathering more than 85 points or 2.4 percent along the way. The Straits Times Index now rests just beneath the 3,490-point plateau although the market may spin its wheels on Tuesday.
The global forecast for the Asian markets is mixed to lower, with profit taking expected for many markets, while a few are likely to rise as they catch up on missed positive sentiment during the Lunar New Year break.
The STI finished sharply higher on Monday following gains from the financials, properties, plantations and industrials.
For the day, the index climbed 44.37 points or 1.29 percent to finish at 3,487.88 after trading between 3,457.54 and 3,491.42. Volume was 1.38 billion shares worth 1.12 billion Singapore dollars.
Among the actives, Yangzijiang Shipbuilding surged 5.76 percent, while Singapore Exchange soared 4.61 percent, SingTel spiked 3.00 percent, Keppel Corp climbed 2.64 percent, CapitaLand Mall Trust jumped 2.56 percent, SembCorp Industries advanced 2.48 percent, Ascendas REIT gathered 1.95 percent, CapitaLand perked 1.68 percent, City Developments added 1.42 percent, Oversea-Chinese Banking Corporation collected 1.33 percent, Wilmar International gained 0.99 percent, United Overseas Bank added 0.96 percent, Genting Singapore perked 0.81 percent, Thai Beverage jumped 0.59 percent, DBS Group collected 0.53 percent, Comfort DelGro shed 0.49 percent and Hutchison Port Holdings and Golden Agri-Resources were unchanged.
There is no lead from Wall Street, which was closed in observance of the Presidents Day holiday.
The European markets all fell victim to modest selling pressure and finished roughly half a percent in the red as investors took profits from recent rallies.
Crude oil prices figure to put a floor under any downside movement after showing very mild upside in electronic trading.
Closer to home, Singapore will release Q4 figures for wholesale sales later today; in the three months prior, sales were down 5.6 percent on quarter and up 1.3 percent on year.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.