Singapore stocks opened firmer on Monday with the Straits Times Index (STI) edging higher in early trade, supported by selective buying in heavyweight counters despite mixed broader market breadth.
As at 9.06am, the STI rose 6.41 points or 0.13% to 4,928.31. Market turnover stood at S$310.16 million with 305.18 million shares traded, while advancers slightly outpaced decliners at 119 versus 113, indicating a cautiously positive start.
Among index movers, banking stocks were mixed in early trade with DBS Group Holdings slipping 0.613% to S$58.32. Meanwhile, United Overseas Bank and Oversea-Chinese Banking Corporation traded steadier as investors monitored regional rate expectations and macroeconomic signals.
Telecommunications and infrastructure-linked names also saw active positioning, with Singapore Telecommunications and Keppel Corporation among the counters in focus, while index operator Singapore Exchange hovered at S$20.85 in early dealings.
In derivatives, activity remained measured with total volume at 18.09K contracts. Regional futures showed a mixed tone with Nikkei 225 Index Futures for June 2026 trading at 63,305 and FTSE Taiwan Index Futures at 3,591, suggesting uneven sentiment across Asia.
The broader tone in Singapore reflected cautious optimism, with gains in the STI supported by selective accumulation in key blue chips, even as investors remained watchful of global rate expectations and external market volatility.
