SGX Weekly Review | STI Rises Over 1% as Strong Bank Earnings Lift D05, O39, S68 to Record Highs

Market Overview
The Straits Times Index (STI) posted a solid gain for the week, rising approximately 1.24% to close at 5,698.43 on Friday, August 7. The market was supported by renewed buying interest in blue-chip names, with financial stocks leading gains after major lenders reported better-than-expected second-quarter results.

STI Constituents With Strong Performance

Among the 30 STI constituents, financial stocks were the biggest contributors.

DBS Group Holdings (D05): Shares advanced strongly after Q2 earnings exceeded expectations. The stock price rose more than 3% during the week and hit a record high.

OCBC (O39): OCBC rose more than 4% during the week, hitting a new all-time high. The bank reported Q2 net profit of S$2.22 billion, up 22% year on year.

Singapore Exchange (S68): The stock remained in focus after reporting record full-year earnings, supported by strong growth in equities. Shares hit a record high during Friday’s trading session.

Market News

Singapore retail sales up 4% in June, missing forecasts

The Republic’s retail sales rose 4 per cent year on year in June, extending the 2.9 per cent growth recorded in May, data from the Singapore Department of Statistics showed on Wednesday.

DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that’re unlocking value

DBS Group Research expects the Straits Times Index to face a choppy third quarter, and a tactical rotation away from local banks, citing an increasingly concentrated rally that has left index valuations elevated while broader market performance lags.

UOB Kay Hian H1 net profit jumps 66% to S$164.7 million on higher volume

UOB Kay Hian posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June. This increase from S$99.2 million in the year-ago period was driven by higher trading volume and revenue growth.

OCBC raises 2026 loan growth forecast after Q2 profit jumps 22%, lifts dividend

OCBC has raised its full-year loan growth guidance after a stronger-than-expected first half, as continued momentum in wealth management and corporate lending helped offset lower interest rates.

CGSI Securities Singapore launches first active ETF tracking SGX’s small and mid-cap stocks

CGS International (CGSI) Securities Singapore is launching the first active exchange-traded fund that tracks the performance of small and mid-cap counters on the Singapore Exchange (SGX). Called the CGS Fullgoal Singapore Next 50 Active ETF, it is benchmarked to the iEdge Singapore Next 50 Index, which tracks the performance of the next 50 largest SGX mainboard-listed companies beyond the 30 largest stocks.