The Singapore stock market moved higher again on Monday, one session after it had halted the two-day winning streak in which it had gathered more than 20 points or 0.6 percent. The Straits Times Index now rests just beneath the 3,230-point plateau and it's called higher again on Tuesday.
The global forecast for the Asian markets is positive thanks to easing trade war concerns and support from crude oil prices. The European and U.S. markets were up and the Asian bourses are tipped to follow suit.
The STI finished sharply higher on Monday following gains from the financials, industrials and properties.
For the day, the index jumped 37.00 points or 1.16 percent to finish at 3,228.82 after trading between 3,196.15 and 3,233.83. Volume was 2 billion shares worth 1.23 billion Singapore dollars. There were 240 gainers and 146 decliners.
Among the actives, Thai Beverage surged 5.00 percent, while Yangzijiang Shipbuilding soared 3.53 percent, Golden Agri-Resources plummeted 3.33 percent, Keppel Corp spiked 2.43 percent, SembCorp Industries jumped 2.29 percent, CapitaLand Commercial Trust climbed 1.76 percent, Hutchison Port Holdings advanced 1.75 percent, City Developments perked 1.69 percent, SingTel gathered 1.55 percent, Ascendas REIT added 1.50 percent, DBS Group collected 1.42 percent, Wilmar International gained 1.32 percent, CapitaLand was up 1.00 percent, United Overseas Bank climbed 0.95 percent and Oversea-Chinese Banking Corporation added 0.62 percent.
The lead from Wall Street is firm as stocks moved sharply higher on Monday, extending the strong upward move in the previous session.
The Dow soared 320.11 points or 1.31 percent to 24,776.59, while the NASDAQ advanced 67.81 points or 0.88 percent to 7,756.20 and the S&P 500 climbed 24.35 points or 0.88 percent to 2,784.17.
Traders continued to react positively to last week's Labor Department report showing stronger than expected job growth in June.
Banking stocks showed a substantial move to the upside, as did oil service stocks. Crude oil prices saw mild upside Monday on a light data day that saw the dollar little changed. August WTI settled at $73.85/bbl, up five cents.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.