Liquidity returns as S'pore rally spreads beyond blue chips

100 stocks record at least $1m in average daily trading turnover in January so far

- Kang Wan Chern Deputy Business Editor

The $1 million average daily trading turnover (ADT) threshold in January saw several previously staid counters. Collectively, the ADT of these stocks jumped from just $3.3 million for the whole of 2025 to $233.1 million in January alone, reflecting a surge in investor participation.

(PHOTO: LIANHE ZAOBAO)

Singapore equities kicked off 2026 strongly, benefiting from capital shifting out of riskier US dollar-denominated assets and a pickup in investor interest after government-led reforms to broaden liquidity in the stock market.

The Straits Times Index has gained about 5.4 per cent since the start of the year to end Jan 28 at 4,909.34 points.

However, the rally has extended beyond blue chips, with the number of Singapore-listed stocks recording at least $1 million in average daily trading turnover (ADT) rising to 100 in January so far, according to Singapore Exchange (SGX) data.

In comparison, 92 stocks booked $1 million in ADT in 2025.

The increase in investor participation was driven partly by new initial public offerings (IPOs).

They include two Catalist debutants — artificial intelligence-powered customer-experience technology firm Toku and co-living operator The Assembly Place — as well as other companies that listed in 2025, SGX said in its Jan 28 market update.