Dear readers, the Singapore General Election (GE) 2025 is over/
On the 1st trading day after the close of GE2025, the Singapore’s Straits Times Index (STI) rose by a modest 0.21% to 3,853.07.
In terms of the biggest winners are:
Dairy Farm Holdings: 5.04%
SATS: 2.47%
Capitaland Investment: 1.58%
ST engineering: 1.36%
JMH USD: 1.32%
To be frank, I don’t think the above 5 stocks are representative of the Singapore stocks markets and neither were their gains.
I would reckon the 3 banking counters, which are among STI’s largest-cap stocks as proxy of the Singapore stock markets.
DBS was up 0.42% yesterday.
OCBC was up 0.19% yesterday.
UOB was up 0.23% yesterday.
Again, modest decent gains for the three banking counters too.
Singapore stock markets are a price taker and hence the macro environment will feature and shape the local stock markets more than domestic factors.