Singapore equities mostly advanced over the past week, supported by improved global risk sentiment after US President Donald Trump signaled he would not pursue the use of force regarding Greenland and stepped back from imposing additional tariffs on European markets.
Banking names continued to drive market performance. $UOB(U11.SI)$ posted a weekly gain of nearly 8%, $OCBC Bank(O39.SI)$ rose 4.52%, and$DBS(D05.SI)$ briefly traded above the S$59 level before consolidating to end the week roughly flat at S$58.65. The SIMSCI benchmark closed the week up 1.25%, reflecting broad-based strength across the domestic market.
UOB’s share price continues to trade above its short‑term moving averages, indicating sustained price strength relative to recent trend levels. In line with movements in the underlying stock, the $UOB 5xLongSG261217(W9AW.SI)$ rose around +40% over the week ended 23 Jan, while the corresponding $UOB 5xShortSG261217(9XCW.SI)$ declined around -34%.
Looking ahead, Singapore’s earnings season is set to begin shortly, with DBS scheduled to report on 9 February, followed by the other major banks. For investors expecting potential volatility due to the upcoming earnings season, directional views can be amplified through the use of DLCs.
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This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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