The Singapore stock market bounced higher again on Monday, one day after ending the three-day winning streak in which it had climbed more than 80 points or 1.6 percent. The Straits Times Index now sits just above the 4,960-point plateau and it's expected to extend its gains again on Tuesday. The global forecast for the Asian markets is cautiously optimistic amidst an extended rebound among technology companies and ahead of key U.S. data later this week. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.
The STI finished modestly higher on Monday following gains from the financial shares, property stocks and industrial issues. For the day, the index added 26.42 points or 0.54 percent to finish at 4,960.83 after trading between 4,929.07 and 4,981.97. Among the actives, CapitaLand Ascendas REIT and Oversea-Chinese Banking Corporation both rose 0.71 percent, while CapitaLand Integrated Commercial Trust gained 0.82 percent, CapitaLand Investment added 1.28 percent, City Developments strengthened 2.09 percent, DBS Group tumbled 1.87 percent, DFI Retail Group rallied 2.38 percent, Genting Singapore gathered 0.67 percent, Hongkong Land jumped 2.32 percent, Keppel DC REIT was up 0.45 percent, Keppel Ltd surged 3.95 percent, Mapletree Pan Asia Commercial Trust increased 1.46 percent, Mapletree Industrial Trust rose 0.99 percent, Mapletree Logistics Trust climbed 1.53 percent, SATS spiked 2.64 percent, Seatrium Limited improved 1.46 percent, SembCorp Industries added 0.83 percent, Singapore Airlines advanced 1.49 percent, Singapore Exchange soared 3.02 percent, Singapore Technologies Engineering skyrocketed 4.12 percent, SingTel gained 1.27 percent, Thai Beverage expanded 2.15 percent, United Overseas Bank collected 0.52 percent, UOL Group vaulted 2.18 percent, Wilmar International perked 0.29 percent, Yangzijiang Shipbuilding accelerated 2.53 percent nd Frasers Logistics & Commercial Trust and Frasers Centrepoint Trust were unchanged. The lead from Wall Street suggests mild upside as the major averages opened lower on Monday but eventually moved up into the green to finish with modest gains.
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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.