S'pore stocks end year on high note, with more upside expected in 2026

Some of the biggest gains were recorded among small and mid-cap companies

- Kang Wan Chern Deputy Business Editor

A slew of factors helped drive momentum on the Singapore Exchange in 2025, and analysts expect them to continue fuelling interest in local stocks in 2026. These include measures rolled out by the Monetary Authority of Singapore to reform and revive the Singapore stock market. PHOTO: REUTERS

(REUTERS)

Singapore's stock market ended 2025 on a strong note, with further upside expected in 2026.

The blue-chip Straits Times Index (STI) finished at above 4,600 points, after notching several all-time highs over the past months. It started 2025 at around 3,800 points.

The iEdge Singapore Next 50 Index, officially launched in September to track the 50 largest stocks on the Singapore Exchange (SGX) by market value after the 30 STI component stocks, also rose. It closed 2025 above 1,450 points compared with 1,150 points at the start of the year, based on the index’s June 23, 2014, base date and starting value of 1,000 points.

While many blue-chip stocks rose, some of the biggest gains in 2025 were recorded among smalland mid-cap companies.

CNMC Goldmine was one of the biggest winners. Buoyed by soaring gold prices, the stock rose to a record high of $1.35 in October, and closed the year at $1.04, up 316 per cent since January.

Instant coffeemaker Food Empire was an outperformer, rising around 145 per cent to close the year at $2.40.

The other big winner was CSE Global, which builds and installs integrated technology systems for mission-critical operations in sectors like oil and gas and data centres. The stock closed at 98.5 cents on Dec 31, up by almost 135 per cent through the year.

Construction stocks did well in 2025, driven by a slew of property and infrastructure development projects across Singapore. OKP Holdings rose the most at over 297 per cent, followed by Hong Leong Asia, which is up 152 per cent. Both Koh Brothers and Pan United also rose by over 107 per cent.