Singapore’s Straits Times Index rises 0.2% to 4,237.95 at open

Singapore’s Straits Times Index rises 0.2% to 4,237.95 at open

The Straits Times Index (STI) opened 0.2% higher on July 2, 2025, reaching 4,237.95. This gain follows a mixed regional market performance, with Singapore’s benchmark index continuing its upward trajectory despite mixed regional indicators. The STI extended its upward momentum, gaining 17.63 points, or 0.4% [1].

Regional indexes showed varied performances, with the FTSE Bursa Malaysia KLCI dipping 0.1%, the ASX 200 falling 1%, the Hang Seng Index and South Korea’s Kospi each rising 0.7% [1]. The market was boosted by strong corporate results and the potential deployment of the MAS $5 billion Equity Market Development Programme [1].

Among the top performers on the STI, Frasers Logistics and Commercial Trust emerged as the top gainer, rising 3.5% [1]. Conversely, Wilmar International was the worst performer, falling 1% [1]. Thai Beverage was the most actively traded stock, closing flat at 47.5 cents with 51 million shares traded [1].

Looking ahead, the Singapore Stock Market (STI) is expected to trade at 3962.24 points by the end of this quarter, according to Trading Economics global macro models [2]. Over the past month, the index has climbed 2.79%, and it is up 17.20% compared to the same time last year [2].

The STI’s performance reflects a broader trend in Asia Pacific equities, which saw profit-taking today, mirroring overnight volatility in US markets [3]. The S&P 500 closed just 0.1% higher at a record 6,305, weighed by renewed tariff uncertainty [3]. Singapore’s STI slipped -0.2%, breaking an 11-session winning streak that pushed it to overbought territory [3].

Technical analysis suggests that the Singapore 30 CFD Index may see a minor corrective pull-back/consolidation at this juncture after four weeks of steep bullish impulsive up moves [3]. The index is likely to face resistance at 438.20, with potential intermediate supports at 422.20 and 417.20/413.50 [3].

References:

[1] https://www.straitstimes.com/business/companies-markets/singapore-shares-rise-amid-mixed-regional-showing-sti-up-0-4
[2] https://tradingeconomics.com/singapore/stock-market
[3] https://www.investing.com/analysis/asia-markets-mixed-as-us-tariff-fears-mount-while-straits-times-index-cools-200664084