SGX Weekly Market Review: STI Rises Over 1% Led by Financial Stocks and Record Highs for DBS, OCBC, and SGX

The Straits Times Index (STI) increased by approximately 1.24% to close at 5,698.43 on August 7, driven by strong gains in financial stocks. Key banks DBS and OCBC, along with SGX, reached record high stock prices, supported by positive earnings reports and renewed buying interest in the market.

Latest News

08-11
Singapore's Benchmark Stock Index Rises 0.9% to a Record High of 5,748.28
Singapore's Benchmark Stock Index Rises 0.9% to a Record High of 5,748.28
08-08
SGX Weekly Review | STI Rises Over 1% as Financial Stocks Lead Gains; DBS, OCBC and SGX Reach Record Highs on Earnings Boost
SGX Weekly Review | STI Rises Over 1% as Financial Stocks Lead Gains; DBS, OCBC and SGX Reach Record Highs on Earnings Boost

User Discussion

avatarkoolgal
08-22 06:31
🌟For years, international fund managers dismissed the Singapore stock market as a slow moving retirement village - a dull boring market with old school banks , matured REITs & industrial conglomerates.  Not any more. The Singapore market is now very much a vibrant market attracting global Institutional titans & ultra high net worth family offices looking for a safe haven to park their assets. That is why my answer is A:  I am still bullish on $DBS(D05.SI)$ $OCBC Bank(O39.SI)$ & $UOB(U11.SI)$ When DBS launches a campaign to hire 500+ young local professionals to scale its technology & wealth pipelines, it sends a clear message:
avatarHLPA
08-20
Excellent piece of work for today's young. What is worrying is the present workforce who grew up and educated in the pre- AI era and are now coping with the new technology. Can they catch up with the younger ones, well-grained in AI, now entering the  workforce. Will they be displaced or be shifted out to the lower echelons in the AI ladder? The leaders of companies leading the AI field, together with the government, must come up with a balanced plan to accommodate all in the workforce, so that productivity and efficiency moves up well the economic ladder and keeps the country growing from strength to strength.
avatarECLC
08-20
A. Yes - still bullish on DBS, OCBC, UOB. Confident to invest in talent, wealth management and technology.
avatarShyon
08-19
I’m still constructive on Singapore banks, especially $DBS(D05.SI)$ . The continued hiring in wealth management, AI, data and technology tells me DBS is positioning for long-term growth rather than simply expanding headcount. Singapore’s growing wealth-management ecosystem should continue creating opportunities for the banking sector. I also like the bigger picture: more capital flowing into Singapore → more assets under management → stronger wealth and fee income → greater investment in talent and technology. With net interest margins facing pressure, I think wealth management and non-interest income will become increasingly important for DBS and its peers. Overall, I remain bullish on Singapore’s financial sector, although I wouldn’t chase bl
good. economy is growing
avatarapple26
08-19
A
A. Yes — still bullish on DBS / OCBC / UOB I’d choose A. To me, DBS hiring more young talent is more than a recruitment story—it shows the bank is preparing for where future growth will come from. Lower interest rates may pressure net interest margins, but wealth management, AI, data, technology and fee-based businesses can increasingly offset that pressure. DBS’s strong wealth-fee growth and rising AUM are already evidence of this transition. Singapore also continues to strengthen its position as a regional wealth and financial hub, attracting capital, global institutions and high-value talent. That doesn’t mean DBS is cheap or risk-free. Valuation still matters, especially after a strong run. But for long-term investors, I remain bullish on Singapore banks, particularly DBS, OCBC and UO
Banks rally?
Where can i send in my resume ?
avatarAlihuat
08-19
A. yes definitely a supporter of the singapore banks. this is a default answer to investment and trading strategies.

šŸŖ™ DBS Is Hiring 500+ Young Singaporeans — What Does It Say About Singapore’s Financial Future?

$DBS(D05.SI)$ plans to bring in more than 500 young Singaporeans in 2026, including 112 Management Associates and more than 400 interns. That takes its intake across these programmes to nearly 1,600 young local talents between 2024 and 2026. On the surface, this is a hiring story. But the more interesting question is what it tells us about where finance jobs are growing, how confident banks are about Singapore’s financial outlook, and whether more capital could continue flowing into the country. šŸ‘„ Where Are the New Finance Opportunities? $DBS(D05.SI)$’s hiring suggests finance jobs are not disappearing because of AI — but the type of work is changing. The strongest oppo
šŸŖ™ DBS Is Hiring 500+ Young Singaporeans — What Does It Say About Singapore’s Financial Future?