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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.<\/a> 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 OCBC<\/a>as well as Singapore REITs are traditionally viewed as income plays.<\/a> 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.<\/p>\n …<\/p><\/div>\n5 key drivers<\/h2>\n