{
  "id": 13931795,
  "title": "Singapore shares rise as banks rebound after sell-off; STI up 0.3%",
  "url": "https://urgent.news/2026/10/12/singapore-shares-rise-as-banks-rebound-after-sell-off-sti-up-0-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T10:32:50.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-banks-rebound-after-sell-sti-0-3"
  },
  "original_language": "en",
  "account": "Singapore shares traded up on Monday (October 12) after a sharp drop the previous week, as banks showed signs of recovery. The Straits Times Index (STI) climbed 0.3 percent, or 13.59 points, to reach 5,415.48. All three major local banks ended higher, with DBS gaining 0.8 percent to S$73.94, OCBC rising 0.2 percent to S$29.06, and UOB advancing 1.4 percent to S$40.50. The market rally followed the previous week's decline, driven by higher global US Treasury yields prompting investors to reposition their portfolios. Net institutional outflows totaled nearly S$900 million for the week, with the three local banks accounting for about four-fifths of the net selling. The banks' performance led to an average drop of 7 percent over five sessions, reducing their average yearly return to 36 percent. The Singapore Exchange (SGX) was the top performer among the blue-chip index on Monday, surging 3 percent to S$21.35. The worst performer was Seatrium, which fell 2.5 percent to S$1.95. Within the iEdge Singapore Next 50 Index, Yangzijiang Financial was the top gainer, up 3.2 percent, while PC Partner was the biggest loser, down 4.9 percent. Investors are also anticipating the Monetary Authority of Singapore's monetary policy decision on Wednesday, with expectations of a further rate hike, though some economists predict the central bank will hold steady. The broader market saw more losers than gainers, with 941.1 million securities changing hands worth S$2 billion. Looking ahead, regional indices showed mixed results, with Hong Kong's Hang Seng Index up 0.3 percent, the FTSE Bursa Malaysia KLCI rising 0.6 percent, and South Korea's Kospi falling 3.7 percent.",
  "summary": "The gains follow a sharp retreat in the previous week, when the blue-chip index fell 4.1%",
  "key_points": [
    "Singapore shares rise 0.3% to 5,415.48 points on Monday",
    "All three major local banks end higher: DBS +0.8%, OCBC +0.2%, UOB +1.4%",
    "Net institutional outflows of nearly S$900 million drive market rally"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}