21.07.202504:19:52UTC+00Singapore Stocks Hit Fresh High, Break 4,200 Mark

Equities in Singapore experienced an uptick of 16 points, or 0.4%, reaching 4,206 around midday on Monday, marking their eleventh straight session of gains. The Straits Times Index achieved a new peak, maintaining its upward trajectory and crossing the 4,200 threshold, bolstered by continuous capital inflows and robust economic indicators. Investors were on the lookout for the June inflation figures set for release on Wednesday, especially after May's inflation fell to its lowest since February 2021, raising expectations for potentially further monetary policy easing this year. The index's rise mirrored the advance in US stock futures, as market players anticipated earnings reports from major tech companies. Analysts also kept a close watch on the United States’ trade agreements with key partners, following recent accords with Vietnam and Indonesia. Leading the charge among top performers were City Development, up 2.0%; Mapletree Logistics Trust, rising 1.7%; Yangzijiang Shipbuilding, climbing 1.7%; Capital Land Investment, gaining 1.1%; and SATS, increasing by 1.2%.