Singapore Shares Near 4,920 — Losing Streak May Halt as Banks Lead

Singapore shares tracked lower for three consecutive sessions, slipping almost 80 points or roughly 1.7%; the FTSE Straits Times Index (STI) is now trading just above the 4,920 mark and may halt further losses on Monday.

The move followed profit-taking across financials, property and industrial names, with intraday trading showing the index oscillating between about 4,880 and 4,923. On the day of the rebound, the STI gained around 62 points to a high near 4,923 after earlier weakness, while heavyweight banks and selected REITs drove much of the volatility. Market reports and intraday tape analyses highlighted DBS, UOB and several large-cap property counters as key contributors to the swings.

Near-term, the development has fed into broader regional risk sentiment: Singapore’s index has been moving in step with Asian peers as investors weigh global monetary policy cues. Technical observers point to the 4,900–4,880 range as immediate support, with 5,000 seen as a psychological resistance that, if cleared, could reopen upside momentum. Trading volumes and the persistence of selling pressure will determine whether the pullback is limited.

On the macro side, attention remains on the Federal Reserve (Fed) policy path and incoming US economic data, which continue to shape rate expectations and cross-border flows into Asia. Commodity price swings and geopolitical headlines also add to short-term volatility, while index-provider data underscore the STI’s stronger performance profile in 2025–2026 that underpins investor positioning.

Analysts say profit-taking may persist but fundamentals in key sectors — notably banking — could limit downside if corporate earnings and liquidity conditions remain supportive. For investors, a pragmatic approach is to monitor support in the 4,880–4,900 zone and watch bank and property earnings updates; a decisive hold above 4,920 would signal stabilization, whereas a break below technical support could open deeper corrections.