The Singapore stock market ended the week of June 8 to June 12 slightly higher, with the Straits Times Index (STI) supported by gains in financial stocks and selected REITs amid cautious global sentiment.
Investor mood stayed defensive as markets weighed US interest rate uncertainty, geopolitical tensions and volatile energy prices. Trading volumes reflected subdued risk appetite.
Singapore banks remained the key stabiliser, supported by expectations of resilient net interest margins and stable credit quality. The sector continued to attract defensive positioning amid global volatility.
At the same time, REITs also drew selective buying as investors bet that interest rate pressures may have peaked. Industrial and data-centre REITs led activity, though gains were not broad-based.
However, export-oriented and technology counters were uneven, reflecting concerns over global demand. Energy stocks tracked volatile oil prices but lacked clear direction for the index.
Markets are expected to remain sensitive to US macro data, central bank signals and geopolitical developments; as such, Singapore equities are likely to stay relatively stable, underpinned by financial strength and defensive yield sectors.
