STI, DBS, DFI: Singapore's STI Seeks Support After Four-Day Decline

Singapore's STI Seeks Support After Four-Day Decline

Apr 28, 2026 00:02 UTC

STI, DBS, DFI, WTI

Short term

The Singapore stock market concluded its fourth consecutive session of losses on Friday, with the Straits Times Index (STI) closing at 3,573.36. The index dipped 8.87 points, or 0.25%, for the day, continuing a downward trend that has seen the benchmark slump more than 65 points over the last four trading days. The decline comes amid a lack of clear catalysts for Asian markets, following a mixed performance from U.S. bourses. While the Dow Jones Industrial Average reached a record close of 42,313.00, the NASDAQ and S&P 500 ended lower, leaving regional traders without a definitive direction. Individual stock performance varied widely across the board. DFI Retail led the gainers with a 9.55% surge, followed by Wilmar International at 7.01% and Yangzijiang Financial at 5.56%. Conversely, Yangzijiang Shipbuilding plummeted 6.34%, and DBS Group fell 1.83%. External factors including U.S. Personal Consumption Expenditures (PCE) inflation data—which rose 0.1% in August—and a slight uptick in WTI crude oil to $68.18 per barrel provided a backdrop of cautious optimism. Analysts suggest the STI may find support as it hovers just above the 3,570-point mark, potentially inviting bargain hunters to enter the market.

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Singapore's STI Seeks Support After Four-Day Decline

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