Singapore shares rise on first trading day of 2026; STI up 0.2%
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The benchmark Straits Times Index gained 0.2 per cent, or 9.91 points, to finish at 4,656.12.
ST PHOTO: SHINTARO TAY
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SINGAPORE – Local stocks rose on Jan 2 as markets reopened after New Year festivities, on the back of the Republic reporting 4.8 per cent gross domestic product (GDP) growth in 2025.
The benchmark Straits Times Index (STI) gained 0.2 per cent, or 9.91 points, to finish at 4,656.12. Meanwhile, the iEdge Singapore Next 50 Index climbed 0.6 per cent, or 8.24 points, to 1,458.37.
Across the broader market, advancers outnumbered decliners 369 to 209, after 1.8 billion securities worth $958.3 million changed hands.
The strong market start followed advance estimates from the Ministry of Trade and Industry (MTI) on Jan 2, which showed Singapore’s economy grew 4.8 per cent in 2025 – the fastest pace since 2021’s 9.8 per cent year-on-year expansion, said OCBC chief economist Selena Ling.
She added that this was well above medium-term trend growth, also noting: “This impressive outcome marked a significant upward revision from earlier forecasts that had projected slower growth, and reflected (a) resilient global economy and export demand, some front-loading ahead of reciprocal tariff pressures, and also broad-based gains across key sectors.”
OCBC maintained its 2026 GDP growth forecast at 2 per cent, while MTI projected a full-year expansion of 1 per cent to 3 per cent.
On the STI, the top gainer was Frasers Logistics and Commercial Trust, which rose 1.5 per cent, or one cent, to end at $1.01.
Meanwhile, Jardine Matheson was at the bottom of the table. It was down 1.1 per cent, or 78 US cents, at US$67.61.
The three local banks ended higher, with DBS closing at $56.40, OCBC at $19.85 and UOB at $35.25. THE BUSINESS TIMES
