STI Crosses 5,000: 6,500 Next in 2026?
Singapore’s benchmark STI has crossed 5,000 points for the first time, after surging 22.7% in 2025. The rally was powered by heavyweight banks: DBS jumped 29.9%, OCBC gained 18.4%, while UOB was flat. Multiple analysts had forecast the 5,000 breakout by end-2026, but the milestone arrived early. In one of the most bullish calls, JPMorgan sees the STI reaching 6,500 by year-end.
Is this breakout the start of a new upcycle for Singapore equities?
Can bank earnings momentum sustain the next leg higher?