Singapore Stocks

STI rises 0.4% after Fed pause

Across the broader market, gainers edge out decliners 289 to 288 after 1.6 billion securities worth S$2 billion change hands

With global funds and developed-market funds still maintaining light positions in Singapore stocks, JPMorgan analysts believe that inflows "have room to increase".
BROKERS’ TAKE

STI could hit as high as 6,500 on extended rally, says JPMorgan, giving its top picks

Small and mid-cap stocks could ‘stage a catch-up rally’ amid ‘strong catalysts’

SGX issued a consultation paper on Jan 23 with proposals which include lowering the standard board lot size PHOTO: TAY CHU YI, BT

13 SGX counters qualify for reduced board lot size

Under proposed changes, investors could buy shares of these companies in lots of 10, instead of the current 100

The stock ends the day at S$11.18, with some 3.7 million shares changing hands.
HOT STOCK

UOL up 8% at highest price in two decades after JPMorgan target price upgrade

A UOL consortium has won the tender for a mixed-use site in Hougang Central

Leading the decliners on the STI is UOB, which is down 2.5% or S$1 at S$38.50.

Banking trio ends lower, weighing on STI

Across the broader market, decliners outnumber gainers 310 to 259 after 1.6 billion securities worth S$1.7 billion change hands

Catalist-listed MoneyMax has attained in-principle approval from SGX for the transfer of its listing to the bourse’s mainboard.

Stocks to watch: FCT, Ho Bee Land, Starhill Global, The Straits Trading Company, MoneyMax

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jan 26): 

UOB surged 7.5% last week, which made it the best performing constituent of the STI by a long way.
MARK TO MARKET

Will UOB climb higher after its big rebound?

Softer rates are squeezing NIMs at the 3 Singapore banks, but also spurring excitement about the potential for valuations to rise and converge

Across the broader market, gainers outnumber losers 345 to 213, after 1.3 billion securities worth S$2 billion change hands.

Singapore stocks track global rally; STI up 1.3% after hitting new high

Gains are led by UOB, which jumped 5%, and OCBC, which was up 3.4%