THE WEALTH CODE

Don’t mistake the familiarity of Singapore equities for diversification

They often share the same underlying sensitivities such as local interest rates and property fundamentals

    • A small number of companies account for a disproportionate share of the Straits Times Index.
    • A small number of companies account for a disproportionate share of the Straits Times Index. PHOTO: BT FILE
    Published Tue, Jun 23, 2026 · 04:25 PM

    AFTER years of watching US technology stocks dominate the conversation, it is easy to see why Singapore investors are paying closer attention to their home market again.

    The Straits Times Index rose more than 20 per cent in 2025 and has continued to attract interest this year with solid double-digit returns. The local market has earned its moment.

    But the investor instinct that follows good performance, to feel reassured by what is working and to add more, deserves scrutiny.