The Singapore stock market is set to continue its upward momentum, buoyed by positive cues from global markets and a three-day rally that has added nearly 35 points or 0.9% to the Straits Times Index (STI). The benchmark index closed Monday at 3,821.84, gaining 20.01 points or 0.53%, after trading within a range of 3,805.50 to 3,826.82.
Monday's gains were driven by strong performances in financials and industrials, while property stocks showed weakness. Key movers included Keppel Ltd, which spiked 1.74%, and Genting Singapore, which rallied 1.31%. Oversea-Chinese Banking Corporation added 1.33%, while DBS Group advanced 0.76%. On the other hand, CapitaLand Investment and ComfortDelGro fell by 1.49% and 1.35%, respectively.
Global market sentiment remains positive, with technology stocks leading gains in the US and European markets. Wall Street saw the NASDAQ surge 1.24%, while the S&P 500 rose 0.55%. These gains were attributed to strong demand for AI servers and optimism over trade policy adjustments.
The STI's current position just above 3,820 points suggests a positive opening for Tuesday, with potential to extend the winning streak into a fourth consecutive session.
RTTNews
