Singapore shares closed lower on June 5, with the benchmark Straits Times Index (STI) easing 0.3%, or 15.4 points, to finish at 5,049.96 amid cautious regional sentiment and profit-taking after recent gains.
The local bourse tracked a mixed performance across Asian markets as investors weighed the outlook for global interest rates and economic growth. Market participants remained watchful ahead of key US economic data that could influence the Federal Reserve’s policy direction.
Despite the decline, the STI remained near record territory, reflecting continued resilience in Singapore’s blue-chip counters. Trading activity was largely selective, with investors rotating into defensive sectors while locking in profits from recent market outperformers.
The softer close came as broader market sentiment remained subdued, with concerns over elevated interest rates and geopolitical uncertainties continuing to temper risk appetite.
Still, analysts noted that Singapore equities remain supported by strong corporate fundamentals, attractive dividend yields and sustained institutional interest, helping to cushion downside pressure in the market.
