What happened?
Singapore shares recently hit a new record high. The benchmark Straits Times Index (STI) is set to cross the 5,000 mark for the first time in 2026. According to SGX, STI delivered 29% price returns in the 12 months to April 9, 2026. This suggests that investors continue to view Singapore as a relatively stable market during an uncertain period. For many investors, Singapore blue chip stocks like DBS, UOB and OCBCas well as Singapore REITs are traditionally viewed as income plays. However, the market may now offer more than just dividends, supported by the company’s strong earnings, efforts to improve shareholder returns, and long-term growth areas such as data centers, infrastructure and wealth management. In this article, we’ll take a look at the key drivers behind the rally in Singapore stocks, what they could mean for Singapore’s blue chip stocks, and whether the rally could spread to the broader market.
5 key drivers
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