Singapore stocks continue rally on Feb 11, up 0.4 per cent
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The benchmark Straits Times Index gained 20.33 points to finish at 4,984.58.
ST PHOTO: AZMI ATHNI
Benjamin Cher
- Singapore stocks ended higher on Feb 11, with the STI gaining 0.4% to 4,984.58, mirroring regional trends. Gainers exceeded losers.
- SGX led STI gainers, up 5.0% to $19.07. CapitaLand Investment fell 3.5% as the worst performer after reporting a H2 2025 loss.
- US equity investors are selective with fragile convictions, according to Stephen Innes. Defensives and value segments outperformed growth indices.
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SINGAPORE - Singapore stocks ended higher on Feb 11, tracking regional indexes.
The benchmark Straits Times Index (STI) gained 0.4 per cent, or 20.33 points, to finish at 4,984.58. Meanwhile, the iEdge Singapore Next 50 Index rose 0.6 per cent, or 8.28 points, to 1,518.23.
Across the broader market, gainers edged out losers 374 to 230, after 1.5 billion securities worth $2.4 billion changed hands.
The Singapore Exchange led the gainers on Singapore’s blue-chip index, rising 5 per cent, or 90 cents, to end at $19.07.
The worst performer among STI constituents was CapitaLand Investment, falling 3.5 per cent, or 11 cents, to close at $3.06 on the back of reporting a loss for the second half of 2025.
The three local banks ended mixed. OCBC Bank rose 0.1 per cent, or three cents, to close at $21.35; DBS Bank finished 0.5 per cent, or 30 cents, lower at $57.50, and UOB finished 0.1 per cent, or two cents, lower at $38.90.
The best performer on the iEdge Singapore Next 50 Index was UOB Kay Hian, rising 5.4 per cent, or 17 cents, to $3.32 on Feb 11; the worst performer was ESR Reit, falling 5.2 per cent, or 14 cents, to $2.53.
Across the region, benchmark indexes closed higher on Feb 11, with the Kospi up 1 per cent. The Hang Seng Index gained 0.3 per cent, while the KLCI advanced 0.5 per cent.
In the US, equity investors seem more selective and fragile in their convictions, said Mr Stephen Innes, managing partner of SPI Asset Management. The market is no longer responding uniformly to the idea of stocks seeing an uplift from weaker economic data.
“Early gains faded, Nasdaq struggled to hold technical support, and leadership narrowed as defensives and value-oriented segments quietly outperformed growth-heavy indexes,” he said. THE BUSINESS TIMES
