Singapore shares rise 0.3% on Tuesday as Jardine Matheson, banks gain
Hongkong Land leads the gainers on the blue-chip index, rising 2.5%
Singapore stocks ended higher on Tuesday, October 13, 2025, with the benchmark Straits Times Index (STI) rising 0.3% to 5,430.50 points. Hongkong Land led the gainers in the blue-chip index, climbing 2.5% to US$8.13. Jardine Matheson, another company in the Jardine group, saw a 1.1% increase, bringing its share price to US$56.42.
This was after the conglomerate announced a deal to buy out Balfour Beatty’s 50% stake in construction group Gammon for £250 million (US$331 million), to be paid in three tranches until December 2028. The upgraded earnings guidance from Jardine Matheson, expecting a 3-5% growth in underlying EPS, was seen as a positive factor. All three local banks - DBS, OCBC, and UOB - also finished the day on the positive side.
Broadly, the market saw more declines than gains, with 338 losers to 217 gainers, totaling 992.7 million securities worth S$1.9 billion traded. Regional markets had mixed performances, with Hong Kong’s Hang Seng Index up 0.3%, the FTSE Bursa Malaysia KLCI rising 0.3%, Japan’s Nikkei 225 falling 1.8%, and South Korea's Kospi declining 5.5%.
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