Singapore stocks fell this week, with the STI up 0.24%. In terms of individual stocks, $ULTRAGREEN AI USD(ULG.SI)$ rose 5.11%; $AvePoint(AVP.SI)$ rose 4.6%; $NIO Inc. USD OV(NIO.SI)$ rose 3.86%; $SATS(S58.SI)$ rose 3.64%; $Frencken(E28.SI)$ down 11.25%; $Hong Leong Asia(H22.SI)$ down 10.88%; $UMS(558.SI)$ down 9.64%; $Food Empire(F03.SI)$ down 8.26%. UltraGreen.ai's CEO Ravinder Sajwan raises stake after buying 78,800 shares at US$1.37

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.04%; SIA Engineering, UOB, Centurion up about 1%; SIA, Keppel, DBS edge higher; UOL, Boustead down 1%; UMS down 2%. Stocks in Focus $City Developments Ltd(C09.SI)$ (CDL): CDL announced on Friday a 100 per cent take-up rate for its buyback offer for 24,120,733 preference shares. Shares of CDL ended at S$8.39, S$0.01 or 0.1 per cent lower, before the announcement. $IReit Global(UD1U.SI)$: It announced on Thursday that its wholly owned subsidiaries holding the Berlin Campus were served with a statement of claim on May 19, by former main tenant DRV. DRV is seeking a repayment of about 8.4 million euros (S$12.5 million) plus interest. In response, IReit’s legal counsel filed a comm

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.77%; CSE Global fell nearly 5%; AEM SGD, UMS, Top Glove down around 2%; Olam Group, Seatrium, SGX, SIA down around 1%. Stocks in Focus $CapitaLand Ascendas Reit(A17U.SI)$ (Clar): The real estate investment trust (Reit) is buying a modern ramp-up logistics facility at 5 Tuas Avenue 5 for a purchase consideration of S$133.9 million in cash. The purchase price represents a 1.5 per cent discount to the property’s independent market valuation of S$136 million as at Feb 1, 2026. Had the deal been completed at the start of 2025, the Reit’s distribution per unit would increase by about S$0.00033, or 0.2 per cent, on a pro forma basis. $DFI Retail Group(D01.SI)$: Almost 60 Holland &

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.62%; SIA, Top Glove up over 2%; UMS, OCBC Bank, Seatrium up over 1%; Food Empire tumbled 18%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 3):  $ESR Reit(9A4U.SI)$: The manager of the real estate investment trust (Reit) announced the establishment of a two billion euro (S$3 billion) medium term securities programme on Tuesday, for which OCBC is the arranger and initial dealer. The securities will be offered in Singapore, pursuant to exceptions under the Securities and Futures Act 2001. Net proceeds from each issuance will be used to refinance ESR Reit’s borrowings, finance or refinance its ac

Market Snapshot Singapore stocks opened higher on Tuesday. STI rose 0.16%; AvePoint up nearly 8%; UOB, OCBC Bank, DBS, Seatrium up around 1%; Singtel, SGX, CityDev down over 1%; ThaiBev, AEM SGD down around 3%. Stocks in Focus $DBS(D05.SI)$: The bank will open 18 new and 36 upgraded wealth centres across the Asia-Pacific by end-2027. The opening of the new centres, in Singapore, Hong Kong, China, India, Indonesia and Taiwan, will start from Q3 2026. The lender on Jun 1 described the move as the largest physical expansion of its wealth franchise to date. DBS shares closed Friday 1.5 per cent or S$0.91 up at S$62.84, before the news. $Nio(NIO.SI)$: The electric vehicle maker on Monday announced that it

Singapore stocks fell this week, with the STI down 0.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, $SATS(S58.SI)$ rose 17.38%; $Frencken(E28.SI)$ rose 11%; $AEM SGD(AWX.SI)$ rose 8.8%; $UMS(558.SI)$ rose over 6%; $First Resources(EB5.SI)$, $Jardine C&C(C07.SI)$ down over 6%; $JMH USD(J36.SI)$, $Haw Par(H02.SI)$ down around 7%. SATS Jumps over 17% as

Market Snapshot Singapore stocks opened lower on Friday. STI rose 0.7%; Seatrium rose 1.8%; ST Engineering rose 1.7%; Keppel rose 1.4%; SGX and Sembcorp rose 1%. Stocks in Focus $ST Engineering(S63.SI)$: The company said on Thursday that it has appointed Jeffrey Lam as group deputy chief executive officer, effective Jun 1. Lam, currently chief operating officer (operations excellence) and president of commercial aerospace, will step down from both roles. Shares of ST Engineering closed 0.5 per cent or S$0.06 lower at S$11.04 on Thursday, before the news. $Seatrium(5E2.SI)$: In a business update on Friday, the company reported a net order book of S$15.5 billion across 24 projects for its first quarter

Shares of Wilmar International dropped sharply by 10% at one time on Thursday, and now fell 2.22%. The company is one of ten crude palm oil exporters currently under investigation for alleged under-invoicing and transfer-pricing activities. Under-invoicing involves declaring a lower export value to shift profits to jurisdictions with lower taxes or to reduce export tax liabilities. Indonesia's Finance Minister stated that the companies shipped CPO to trading firms in Singapore, which then resold the shipments to the United States with price mark-ups reaching up to 50 percent. This has raised concerns that a portion of the export value may have been moved offshore. He noted that while domestic export documentation in Indonesia appeared correct, discrepancies were found in transit records an

Market Snapshot Singapore stocks opened lower on Thursday. NIO rose 6%; SATS rose 5%, Wilmar fell 9%. Stocks in Focus $Keppel(BN4.SI)$: It said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. After the South Jakarta District Court on Feb 9 dismissed the individual’s claim over the disputed land, he submitted an appeal against the decision. Keppel shares closed 2.1 per cent or S$0.23 lower at S$10.84 before the news. $IHH(Q0F.SI)$: The integrated healthcare operator on Tuesday reported a 3 per cent year-on-year rise in net profit to RM528 million (S$170.1 million) for its fir

Vesak Day is around the corner. The Singapore market will be closed on Monday, June 1, 2026. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance. About Vesak Day Vesak Day is the most sacred holy day in Buddhism, commemorating the birth, enlightenment, and passing (Parinirvana) of Gautama Buddha. In Singapore, the 2026 public holiday is observed on Monday, June 1, featuring temple visits, chanting, and acts of charity. It is a time for Buddhists to reflect on Buddha's teachings of peace, compassion, and the path to enlightenment.

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.1%; Stas rose 2.4%; NIO rose 0.6%. Stocks in Focus $Sats(S58.SI)$: The ground handler on Monday posted a net profit of S$50.7 million for its fourth quarter ended Mar 31, an increase of 31 per cent from S$38.7 million in the year-ago period. Its revenue for the three months rose 9.8 per cent to S$1.6 billion from S$1.5 billion. The counter closed Monday 2.7 per cent or S$0.09 higher at S$3.37, before the news. $Frasers Logistics and Commercial Trust(BUOU.SI)$ (FLCT): The manager on Monday said that the trust has acquired equity interests in four property-holding companies, which collectively own two freehold logistics properties in

Market Snapshot Singapore stocks opened higher on Monday. STI rose 0.5%; Genting Singapore rose 2%; Keppel rose 0.8%; UOB, OCBC, and SIA rose 0.6%; DBS rose 0.5%. Stocks in Focus $The Hour Glass(AGS.SI)$: The luxury watch retailer on Friday posted a 39 per cent increase in net profit to S$103.8 million for its second half ended Mar 31, on the back of stronger sales momentum. This was up from S$74.4 million a year earlier. Its revenue for the period rose 16 per cent year on year to S$722.8 million, from S$622.6 million. Shares of The Hour Glass rose 2.1 per cent or S$0.05 to close at S$2.46 on Friday, before the release of results. $UI Boustead Reit(UIBU.SI)$,

Singapore stocks rose this week, with the STI up 1.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, ST Engineering rose 8.7%; SGX rose 6%; DBS rose 3.2%; Keppel rose 2.9%; SIA rose 2.7%; OCBC rose 2.6%; Sembcorp rose 1.3%; UOB rose 1.1%; Yangzijiang Shipbuilding and Singtel fell 4.8%; Wilmar fell 5.5%; NIO fell 13.6%. Market News Singapore Tops Indonesia as Biggest Southeast Asia Stock Market Singapore has overtaken Indonesia as Southeast Asia's largest stock market, signaling investors’ endorsement of the city-state's market reforms and their diminishing confidence in the larger country’s economic management. Singapore's market capitalization has climbed to $645 billion, while that of Indonesia has fallen by

Market Snapshot Singapore stocks opened higher on Friday. STI up 0.3%; Keppel up 4%; Genting Sing up 2%. Stocks in Focus Keppel : BN4: The group on Friday announced the termination of its proposed divestment of M1, as the sale and purchase agreement to divest M1 to Simba Telecom has terminated and ceased to have effect. This follows a Monday announcement by the Infocomm Media Development Authority that it has halted its assessment of the proposed M1-Simba consolidation until further notice. The counter closed on Thursday 1 per cent or S$0.10 higher at S$10.42. Nio : NIO: The electric vehicle maker reported on Thursday a net loss of 332.1 million yuan (S$62.5 million) for its first quarter ended Mar 31, narrowing from a net loss of about 6.8 billion yuan a year earlier. Revenue stood at 25

Market Snapshot Singapore stocks opened higher on Thursday. STI up 0.4%; Singtel down 2%. Stocks in Focus $Singtel(Z74.SI)$: On Thursday, it posted a net profit of S$2.2 billion for its second half ended Mar 31, down 20.9 per cent from S$2.8 billion in the year-ago period. Its H2 underlying net profit grew 10.6 per cent to S$1.4 billion as revenue rose 2.7 per cent to S$7.4 billion. Separately, Indonesian digital bank Superbank will be consolidated into Grab’s financial services segment, after Singtel transfers its stake in Superbank to GXS Bank, which is a joint venture between Grab and the telco, Grab announced on Wednesday. The counter closed 0.8 per cent or S$0.04 higher at S$5.02 on Wednesday. $CityD

Market Snapshot Singapore stocks opened lower on Wednesday. STI down 0.6%; YZJ Shipbldg down 3%; SATS down 2%. Stocks in Focus $HongkongLand USD(H78.SI)$: The property group posted a 5 per cent rise in underlying profit for its first quarter ended Mar 31, 2026, compared with the same period a year earlier. This was primarily due to lower net financing charges, offsetting reduced contributions from Singapore following the disposal of Marina Bay Financial Centre Tower 3 prior to the formation of its new fund, the group said on Tuesday. Shares of Hongkong Land closed at US$7.96 on Tuesday, down US$0.03 or 0.4 per cent, before the release of the results. $YZJ Shipbldg SGD(BS6.SI)$: The company on Tuesday

Singapore's equity market reached a new historic high as investors turned to defensive assets during the volatility triggered by the Iran war. The Straits Times Index advanced up to 1.1% on Tuesday, reaching 5,051.28 and exceeding its prior intraday peak from February 23. Key drivers of the increase were Thai Beverage PCL, Singapore Telecommunications Ltd., and CapitaLand Investment Ltd. The city-state's benchmark index has gained approximately 8.6% year-to-date, contrasting with a 0.3% drop in the MSCI Asean Index. This record was achieved even as a sell-off in technology stocks on Tuesday weighed on equity markets throughout Asia. In contrast to other Asian markets like South Korea or Taiwan, Singapore's rally has not been fueled by artificial intelligence hype. Its performance this year

Market Snapshot Singapore stocks opened higher on Tuesday. STI up 0.3%; Nio down 2.5%; SingPost down 1.5%. Stocks in Focus $CityDev(C09.SI)$: Kwek Leng Peck, cousin of CDL’s executive chairman Kwek Leng Beng, will take on the role of vice-chairman of the company’s board, and become a non-independent and non-executive director on Jun 1. A bourse filing on Monday said this move sees the 69-year-old rejoin the company after he resigned from the latter posts in October 2020. Shares of CDL closed S$0.02 lower or 0.3 per cent to reach S$7.84 on Monday, before the news. $Lendlease Reit(JYEU.SI)$: The manager of the trust on Monday posted a positive retail rental reversion of 12.2 per cent for the third quar