Singapore shares surge as Straits Times Index rises 2.1 percent

On April 15, 2025, Singapore's stock market showed significant positive activity, continuing a rally despite previous uncertainties in the economic landscape. The Straits Times Index (STI) registered a notable increase of 2.1 percent, which equated to a gain of 75.81 points, closing at 3,624.72. This day's trading reflected a substantial trading volume, with 1.21 billion shares changing hands worth approximately $1.43 billion, signaling renewed investor confidence. The overall market indicated a strong bullish trend, with advancers outnumbering decliners at a ratio of 331 to 187, highlighting widespread enthusiasm among investors and traders alike. A closer examination of individual stocks revealed that local banks contributed significantly to the STI's upward movement. Specifically, DBS Bank saw a rise of 3 percent, bringing its share price to $39.96, while OCBC Bank experienced a 2.6 percent rise to $15.57. UOB's shares also jumped by 3 percent, closing at $33.91. The considerable gains for these major banks played a crucial role in reinforcing the overall positive performance of the index. Furthermore, Frasers Logistics & Commercial Trust emerged as the top gainer, recording a 6.1 percent rise, while the biggest loser on this trading day was Wilmar, experiencing a decline of 1.9 percent. This bullish trend in Singapore's stock market is believed to be closely tied to regional market performances and a favorable shift in investor sentiment. Across Asia, major stock indexes followed suit; the Korean Kospi climbed by 0.9 percent, and Japan's Nikkei 225 saw an increase of 0.8 percent. The Hang Seng Index of Hong Kong and Malaysia's KLCI also exhibited steady gains. Analysts attribute this optimistic market environment partly to the U.S. political landscape, notably comments by U.S. President Donald Trump regarding electronics imports from China, which eased trade tensions and fostered a conducive atmosphere for investment. Despite the general positive sentiment, experts caution that market volatility remains higher than historical averages, indicating potential instability in the future. Continued observation of U.S. retail sales reports due to be released on April 16 are anticipated to further influence market behavior in Singapore and beyond. The optimism surrounding the White House's approach to trade negotiations suggests that investors are hopeful for sustained economic growth, though risks remain due to the unpredictable nature of international markets and political developments. The outcome of ongoing discussions in the U.S. could significantly impact the sentiment in global stock markets, including Singapore.