Singapore’s benchmark Straits Times Index (STI) ended the week on a firm footing, climbing from around 5,240 at the start of the week to 5,469.29 on Friday, supported by strength in financial stocks, REITs and selected exporters alongside improving market liquidity.
The benchmark opened the week at 5,239.98 on July 6 before closing 0.38% higher at 5,259.81. Buying momentum accelerated the following day as the index surged 1.57% to finish at 5,342.24, while trading on July 8 was largely muted with the STI ending unchanged.
Bullish sentiment returned strongly on July 9, when the STI rose 1.72% and touched an intraday high of around 5,472.10, marking a near-term record. The rally carried into Friday, with the benchmark adding another 0.65% to close the week at 5,469.29 after trading between 5,412.51 and 5,472.10.
Trading activity also strengthened towards the end of the week, with higher participation across large-cap stocks as investors rotated into financials, REITs and export-oriented counters.
Investor sentiment was further boosted after Singapore Exchange Ltd (SGX) reported stronger securities and derivatives turnover for June, reflecting improved market liquidity and execution conditions. The exchange’s shares ended Friday at S$15.62, gaining S$0.21 during the session.
The higher June trading volumes reinforced confidence in Singapore’s capital markets and supported the broader rally, with both the benchmark index and SGX shares ending the week in positive territory.
