Singapore on Track to Be Top Southeast Asia Market This Year

Dow Jones09-05

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.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment