The Singapore Exchange (SGX) opened stronger on Monday, with the Straits Times Index (STI) climbing 56.40 points or 1.12% to 5,082.20 as buying interest spread across key blue chips and broader market segments.
Market breadth was firmly positive at the open, with 195 gainers against 60 decliners, signalling sustained investor appetite across the Singapore bourse. Total turnover stood at S$213.78 million on volume of 114.99 million shares.
Banks support early gains
Financial stocks provided steady support in early trade, led by DBS Group Holdings, which rose 0.285% to S$63.42. Peer lenders OCBC Bank at S$23.84 and United Overseas Bank at S$38.42 also held firm, reflecting continued interest in high-yield defensive names.
The banking sector’s resilience comes as investors maintain a cautious but constructive stance on regional growth prospects and interest rate expectations.
Selective moves in index heavyweights
Elsewhere, Singapore Airlines traded at S$7.14, while SGX Group was at S$23.24. Industrial counter AEM Holdings stood at S$10.19, and YZJ Shipbuilding SGD at S$3.57, reflecting a mixed but stable start across key sectors.
Regional sentiment supported by derivatives
SGX derivatives data showed active positioning across Asian benchmarks, with FTSE China A50 futures at 15,578 and Nikkei 225 futures for September 2026 at 69,410, indicating continued global focus on China’s recovery outlook and Japan’s monetary policy trajectory.
In currency markets, USD/SGD futures at 1.2839 suggested stable Singapore dollar expectations, while USD/CNH at 6.7166 reflected cautious stability in the offshore yuan despite ongoing external uncertainties.
