April 2023
April 2023
3,270.51
June 2023
3,205.91
December 2023
3,240.27
The STI rises 0.4 per cent in April as the MAS leaves monetary policy settings unchanged for the first time in more than a year, despite market expectations of a tightening.
But shares of Singapore property companies fall sharply in the last week of April after the government increases the Additional Buyer's Stamp Duty rates for private property purchases.
November 2024
3,739.29
March 2024
3,224.01
July 2024
3,455.94
February 2025
3,895.70
September 2024
3,585.29
Mar 28, 2025
3,972.43
June 2023
3,205.91
Investor optimism gets a boost in June as the Fed puts a pause on its rate hikes. The market capitalisation of STI constituents rises 2.8 per cent or S$14.6 billion month on month, reaching S$538.4 billion.
The Republic’s flag carrier Singapore Airlines jumps S$2.2 billion in total market value, following the company’s strong recovery as demand for travel soars post-pandemic.
December 2023
3,240.27
Investor optimism takes a dip at the start of the month, as fighting resumes in the Middle East following a one-week truce between Israel and Hamas.
However, Asian markets rally in mid-December after the US Fed pauses interest rate hikes in its last meeting for the year and signals that it will cut interest rates in 2024.
March 2024
3,224.01
The STI picks up amid a global market rally after the Fed opts to hold interest rates steady, with Powell stating that ultra-low monetary policy is unlikely to return soon.
Singapore is swept up by “Swift fever” in early March as Taylor Swift performs at six sell-out concerts, prompting economists to upgrade their first-quarter growth forecast.
July 2024
3,455.94
Investor optimism is lifted following Powell’s testimony to Congress, where he indicates that interest rate cuts might come sooner than expected. Such expectations benefit sectors such as real estate investment trusts, which are highly sensitive to interest rates.
However, the local banking sector also performs well, with DBS, OCBC and UOB hitting record highs at the month’s start as the banks swell to almost half of the STI.
September 2024
3,585.29
The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024
3,739.29
Donald Trump's victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025
3,895.70
Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025
3,972.43
The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
April 2023
3,270.51
June 2023
3,205.91
December 2023
3,240.27
March 2024
3,224.01
July 2024
3,455.94
September 2024
3,585.29
November 2024
3,739.29
February 2025
3,895.70
Mar 28, 2025
3,972.43
Photos: AFP, REUTERS, ADOBE stock images, BT FILE
GRAPHIC: HYRIE RAHMAT, TEOH YI CHIE, BT
Click on the points along the chart to see more info
June 2023 3,205.91 Investor optimism gets a boost in June as the US Federal Reserve puts a pause on its rate hikes. The market capitalisation of STI constituents rises 2.8 per cent or S$14.6 billion month on month, reaching S$538.4 billion.
The Republic’s flag carrier Singapore Airlines jumps S$2.2 billion in total market value, following the company’s strong recovery as demand for travel soars post-pandemic.
June 2023 3,205.91 Investor optimism gets a boost in June as the US Federal Reserve puts a pause on its rate hikes. The market capitalisation of STI constituents rises 2.8 per cent or S$14.6 billion month on month, reaching S$538.4 billion.
The Republic’s flag carrier Singapore Airlines jumps S$2.2 billion in total market value, following the company’s strong recovery as demand for travel soars post-pandemic.
December 2023 3,240.27 Investor optimism takes a dip at the start of the month, as fighting resumes in the Middle East following a one-week truce between Israel and Hamas.
However, Asian markets rally in mid-December after the US Fed pauses interest rate hikes in its last meeting for the year and signals that it will cut interest rates in 2024.
March 2024 3,224.01 The STI picks up amid a global market rally after the Fed opts to hold interest rates steady, with Powell stating that ultra-low monetary policy is unlikely to return soon.
Singapore is swept up by “Swift fever” in early March as Taylor Swift performs at six sell-out concerts, prompting economists to upgrade their first-quarter growth forecast.
July 2024 3,455.94 Investor optimism is lifted following Powell’s testimony to Congress, where he indicates that interest rate cuts might come sooner than expected. Such expectations benefit sectors such as real estate investment trusts, which are highly sensitive to interest rates.
However, the local banking sector also performs well, with DBS, OCBC and UOB hitting record highs at the month’s start as the banks swell to almost half of the STI.
September 2024 3,585.29 The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
December 2023 3,240.27 Investor optimism takes a dip at the start of the month, as fighting resumes in the Middle East following a one-week truce between Israel and Hamas.
However, Asian markets rally in mid-December after the US Fed pauses interest rate hikes in its last meeting for the year and signals that it will cut interest rates in 2024.
March 2024 3,224.01 The STI picks up amid a global market rally after the Fed opts to hold interest rates steady, with Powell stating that ultra-low monetary policy is unlikely to return soon.
Singapore is swept up by “Swift fever” in early March as Taylor Swift performs at six sell-out concerts, prompting economists to upgrade their first-quarter growth forecast.
July 2024 3,455.94 Investor optimism is lifted following Powell’s testimony to Congress, where he indicates that interest rate cuts might come sooner than expected. Such expectations benefit sectors such as real estate investment trusts, which are highly sensitive to interest rates.
However, the local banking sector also performs well, with DBS, OCBC and UOB hitting record highs at the month’s start as the banks swell to almost half of the STI.
September 2024 3,585.29 The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
March 2024 3,224.01 The STI picks up amid a global market rally after the Fed opts to hold interest rates steady, with Powell stating that ultra-low monetary policy is unlikely to return soon.
Singapore is swept up by “Swift fever” in early March as Taylor Swift performs at six sell-out concerts, prompting economists to upgrade their first-quarter growth forecast.
July 2024 3,455.94 Investor optimism is lifted following Powell’s testimony to Congress, where he indicates that interest rate cuts might come sooner than expected. Such expectations benefit sectors such as real estate investment trusts, which are highly sensitive to interest rates.
However, the local banking sector also performs well, with DBS, OCBC and UOB hitting record highs at the month’s start as the banks swell to almost half of the STI.
September 2024 3,585.29 The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
July 2024 3,455.94 Investor optimism is lifted following Powell’s testimony to Congress, where he indicates that interest rate cuts might come sooner than expected. Such expectations benefit sectors such as real estate investment trusts, which are highly sensitive to interest rates.
However, the local banking sector also performs well, with DBS, OCBC and UOB hitting record highs at the month’s start as the banks swell to almost half of the STI.
September 2024 3,585.29 The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
September 2024 3,585.29 The STI jumps 4.1 per cent, following the first Fed rate cut in four years. The move spurs immediate gains in Asia’s tech and real estate sectors.
Early in the month, the STI surges to a 52-week intra-day high of 3,523.47 points amid strong market optimism. By late September, it climbs further to 3,638, marking a 17-year high.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
November 2024 3,739.29 Donald Trump’s victory in the US presidential election marks a defining moment for markets in November, with the STI surging by 5.1 per cent. While his return to the White House brings cautious optimism to global markets, Singapore’s export-driven economy braces for the potential impact of higher tariffs and geopolitical uncertainties.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.
February 2025 3,895.70 Sentiment in the Singapore market is lifted by optimism over the first set of measures announced by the MAS, which includes the introduction of tax incentives to attract enterprises and fund managers to list in the Republic, as well as a S$5 billion investment initiative to help boost the equities market.
Mar 28, 2025 3,972.43 The STI crosses the 4,000-mark for the first time in intra-day trading, touching a high of 4,005.18 points.