Singapore stock market

Growing leading companies outside the banking sector will make the local stock market more vibrant

[SINGAPORE] The following companies saw developments that may affect the trading of their securities on Monday (Jun 15):

This may sustain demand for AI hardware powering the best performing Asian markets, and perhaps lift some of the worst laggards too

Securities daily average value for the month up 79% year on year at S$2.4 billion, the highest level recorded since October 2007

Across the broader market, gainers outnumber losers 344 to 231

The benchmark index falls 1.7% to close at 4,963.67

Strong earnings and solid balance sheets are no longer enough to command premium valuations

Singtel’s 18% drop from a March peak is an ‘opportunity to add’, while Venture’s revenue may be boosted by AI

With the major banks funnelling resources into their wealth franchises, investors could be about to face an avalanche of sales calls