Singapore's Straits Times rises 0.2% to 4,253.78 at close

Singapore's Straits Times rises 0.2% to 4,253.78 at close

The Straits Times Index (STI) closed at 4,253.78 on July 2, 2025, marking a 0.2% increase from the previous day's close. The index, which tracks 30 major Singapore Exchange (SGX)-listed firms, continues to reflect the broader trends in Singapore's market. Key contributors to the index's performance include companies from sectors such as financials, real estate, and telecommunications.

The STI's latest performance comes amidst a broader context of regulatory changes and company-specific announcements. The Singapore Exchange Ltd. (SGX) has recently extended climate reporting timelines for some listed companies, citing resource constraints [2]. This decision may impact the reporting standards for Scope 1 and 2 emissions, with operational emissions becoming mandatory for all listed companies from the 2025 fiscal year. Meanwhile, non-constituents with a market valuation of S$1 billion and more will be required to report from the 2028 fiscal year, while companies with a market value of less than S$1 billion will follow from FY2030.

Additionally, the STI has seen fluctuations in share prices over the past year, with the highest share price reaching SGD 4,282.800 and the lowest at SGD 3,367.940 [3]. The index's constituents include major players such as DBS, Singtel, and CapitaLand, which continue to influence the index's performance.

In terms of individual company performance, REX American Resources reported a rise in its fiscal Q2 revenue to $158.6 million, driven by higher ethanol sales volumes. The company also announced a 2-for-1 stock split, which will double the outstanding shares [4]. This news may have contributed to the overall positive sentiment in the market, as investors reacted favorably to the company's earnings report and expansion plans.

Overall, the STI's performance reflects the resilience and adaptability of Singapore's market, as it navigates regulatory changes and responds to company-specific announcements. Investors and financial professionals should continue to monitor the index's performance and the underlying factors influencing its movements.

References:
[1] https://sg.finance.yahoo.com/quote/%5ESTI/
[2] https://www.bloomberg.com/news/articles/2025-08-25/singapore-extends-climate-reporting-timelines-for-some-firms
[3] https://growbeansprout.com/sti
[4] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXEC3091:0-ethanol-maker-rex-american-resources-q2-revenue-rises-announces-2-for-1-stock-split/