Singapore Shares Track Regional Gains to Start Week Higher on Chip Rally, US Fed Rate Cut Hopes

MT Newswires02-09 18:11

Singapore shares surged on Monday, tracking gains across the region, with a rally in chip stocks indicating the likelihood of the US Federal Reserve cutting down the interest rate further by June.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,929.07 and 4,981.97 throughout the day. It ended the session at 4,960.83, up 26.42 points or 0.5% compared to Friday's close.

In economic news, Singapore's fixed asset investment commitments rose by 5.2% to SG$14.2 billion in 2025, compared to SG$13.5 billion a year earlier, according to data released by EDB Singapore.

On the corporate front, shares of Frasers Property (SGX:TQ5) were up nearly 6% at the close as its total unrecognized revenue in the fiscal first quarter ended Dec. 31, 2025, came in at SG$1.4 billion.

DBS Group's (SGX:D05) shares were down nearly 2% as the bank's attributable profit to shareholders fell 6% in the second half of 2025 to SG$5.21 billion from SG$5.55 billion a year earlier.

Meanwhile, shares of CapitaLand Investment (SGX:9CI) were up over 1% as its lodging business unit, The Ascott, signed 19,000 units across 102 properties in 2025.

STI up 0.5%; ST Engineering, Keppel up 4%; SGX, SATS, Yangzijiang Shipbuilding up 3%; UOL, SIA Engineering up 2%; SIA, Singtel up 1%.

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

  • Traderdude1301
    02-09 18:31
    Traderdude1301
    DBS now presents a massive buying opportunity - DBS’ capital position and earnings base remain healthy and management has committed to sustained high shareholder returns, including higher ordinary DPS and recurring capital‑return dividends for all of 2026 and 2027!
Leave a comment
1