Morning Wrap | SGX Posts Strongest Securities Turnover Since 2007

Key Takeaways:

• Singapore Shares Opened Higher on Friday

• Wall Street Surges as Trump Calls Off Iran Strikes

• Singapore's Millionaire Population Hits 141,000 as Economy Accelerates

• Stocks to Watch: SGX Group, OCBC, etc.

📌 Market Snapshot

Today's Volume / Value: 32.11M / S$78.73M

Advancers / Decliners: 120 / 19

🇺🇸 Wall Street Summary

Wall Street Surges as Trump Calls Off Iran Strikes

U.S. stocks rallied Thursday after President Trump canceled planned military strikes on Iran and announced all parties had approved a peace deal to end the U.S.-Israel-Iran conflict. The $Nasdaq Composite Index (.IXIC.US)$ gained 640.16 points (2.5%) to close at 25,809.66, the $Dow Jones Industrial Average (.DJI.US)$ rose 929.97 points (1.9%) to 50,848.75, and the $S&P 500 Index (.SPX.US)$ added 127.31 points (1.8%) to 7,394.30.

Tech stocks had a strong "up" day in their recent pattern of alternating sessions, as investors weighed the sustainability of the AI investment theme. $SanDisk (SNDK.US)$ surged 14.5%, $Micron Technology (MU.US)$ gained 11.7%, $Credo Technology (CRDO.US)$ rose 11.4%, $Arm Holdings (ARM.US)$ added 11.3%, and $Marvell Technology (MRVL.US)$ climbed 11.1%. $Crude Oil Futures (AUG6) (CLmain.US)$ fell sharply from $93.64 to $86.37 per barrel as geopolitical tensions eased, further boosting market sentiment.

🇸🇬 Breaking News

Singapore's Millionaire Population Hits 141,000 as Economy Accelerates

Singapore's high-net-worth individual population grew 3.0% to 141,000 in 2025, supported by robust GDP growth of 5.0%, a 26.4% surge in market capitalisation to S$1.06 trillion, and two MAS rate cuts that eased financial conditions as core inflation fell to just 0.5%. Non-oil domestic exports rose 13%, driven by AI-related sectors including integrated circuits and personal computers, while unemployment remained stable at 1.98%.

Singapore Captures 96% of SEA's Disclosed M&A Value in Q1 2026

Singapore led Southeast Asia's M&A market in Q1 2026 with S$9.4 billion across 27 deals, driven largely by KKR and Singtel's S$6.6 billion data centre acquisition. However, the city-state's dominance reflected other markets weakening rather than a true recovery, as regional deal volume fell 28.8% year-on-year amid higher rates and cautious buyers. New merger guidelines effective 1 May are expected to speed future approvals.

🔔 Stocks to Watch

$SGX (S68.SG)$ reported strong trading activity in May 2026, with securities daily average value reaching S$2.4 billion—the highest since October 2007—and the STI hitting an all-time high of 5,072. Derivatives volume grew 20% YoY, STI ETFs recorded a 15th consecutive month of net inflows, and retail participation rose to a 13-year high.

$OCBC Bank (O39.SG)$ is the first bank to use Singpass beyond Singapore, enabling Singaporeans and PRs to remotely open business accounts with OCBC Malaysia—cutting a process that previously took two to three weeks. Demand is growing as more SMEs expand into Malaysia amid the Johor-Singapore SEZ's momentum.

$DBS (D05.SG)$ will offer tokenised physical gold to retail customers via digibank in H2 2026—a Singapore first. Each token is backed by one gram (~S$200) of vaulted gold, managed entirely in-house, with a potential listing on DBS Digital Exchange being explored.

$SamuderaShipping (S56.SG)$ completed the sale of chemical tanker MT Sinar Malahayati on 10 June 2026, in line with a memorandum of agreement dated 25 May 2026. The disposal is part of a previously announced plan to sell two tankers; MT Sinar Mendawai remains pending completion.

$AEM SGD (AWX.SG)$, $Top Glove (BVA.SG)$, $UIBREIT (UIBU.SG)$, and $PC Partner (PCT.SG)$ will enter the iEdge Singapore Next 50 Index on 22 June, replacing $SingPost (S08.SG)$, $DigiCore Reit USD (DCRU.SG)$, $Wee Hur (E3B.SG)$, and $ChinaSunsine (QES.SG)$. Technology's weight in the liquidity-weighted index rises to 26.2%, while the index posted a 12.3% total return in Jan–May 2026.

🧾 Share Buy Back Transactions

Source: Business Times, SGinvestors.io, Business Review

246K Views