STI continues upward trend amid mixed regional showing

Shares on the Singapore bourse closed higher on Oct 6, continuing its record-breaking streak.

- Navene Elangovan

The benchmark Straits Times Index (STI) rose 0.2 per cent, or 9.76 points, to end at a new high of 4,421.71.

Mr Paul Chew, head of research at Phillip Securities, said that although the Singapore equity market has reached record highs recently, these gains must be taken into context. He said the market has gained 13 per cent over 17 years.

“We don’t think such gains suggest speculative excess,” he said, adding that he maintains a positive outlook for Singapore equities in the fourth quarter of 2025.