Singapore stocks close higher as banks and Jardine Matheson gain
The STI advanced 0.3 per cent despite broader market weakness, with declining counters outnumbering gainers 338 to 217.
Singapore’s Straits Times Index (STI) finished at 5,430.50 on Oct 13, 2026, adding 15.02 points, or 0.3 per cent. The benchmark’s rise contrasted with the wider market, where 338 counters declined and 217 advanced. Trading involved 992.7 million securities valued at S$1.9 billion.
Each of the three local banks recorded gains. DBS closed at S$74.47 after adding S$0.53, or 0.7 per cent. OCBC ended at S$29.20, an increase of S$0.14, or 0.5 per cent, while UOB reached S$40.93 after rising S$0.43, or 1.1 per cent.
Hongkong Land posted the strongest STI performance, closing at US$8.13 following a US$0.20, or 2.5 per cent, increase. Sats had the benchmark’s largest fall, ending at S$3.67 after losing S$0.06, or 1.6 per cent.
Jardine Matheson ended at US$56.42, gaining US$0.59, or 1.1 per cent. The company had announced an agreement to acquire Balfour Beatty’s 50 per cent holding in construction group Gammon for £250 million. Payment is to be made in three tranches through December 2028.
Jardine Matheson also increased its guidance for 2026 underlying earnings per share to a range of US$5.50 to US$5.65. Its previous expectation was for earnings to remain flat at about US$5.33 per share.
