Singapore is on track to be the best-performing equities market in Southeast Asia this year, as an upswing in investment pushes its benchmark Straits Times Index to a series of record highs. The index hit a fresh peak of 4320.37 in early trade, and has booked nearly 14% in year-to-date returns, LSEG data shows.
This places the STI ahead of its peers in Indonesia and Malaysia, although the gains still pale in comparison to its 2024 returns of about 24%. Within Singapore equities, those with resilient dividend yields and steady cash flow, such as banks and REITs, could stand out as investors look to lock-in good yields, says Malcolm Koo, chief executive of CGS International Singapore. Banks and REITs account for more than half of the STI's weight.
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