GE2025 results expected to have limited impact on Singapore stocks, say market watchers
The PAP’s improved mandate may be a positive for the market, but investors are likely to shift focus back to broader macroeconomic drivers quickly, they say
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[SINGAPORE] While Saturday’s General Election (GE) offers a welcome signal for investors who value political stability, market watchers say its impact on the stock market is likely to be limited.
On Saturday (May 3), Singaporeans went to the polls and gave the ruling People’s Action Party (PAP) an overall share of 65.57 per cent of the votes in GE2025, a stronger show of support than the party’s 2020 showing of 61.24 per cent. The de facto opposition party, Workers’ Party, retained its existing seats, but made no gains.
OCBC’s managing director of investment strategy Vasu Menon told The Business Times that the local bourse could “enjoy decent gains” when markets open, buoyed by the ruling party’s strong showing in the weekend polls, Wall Street’s rally on Friday, and upbeat US April jobs data.
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