STI closes 0.1 per cent higher despite bank declines
CapitaLand Investment led blue-chip gains, while advancing stocks outnumbered decliners 331 to 258 across Singapore’s broader market.
Singapore’s Straits Times Index (STI) finished at 5,422.16 on Oct 23, 2026, adding 7.02 points, or 0.1 per cent, even as all three local banks lost ground.
Trading across the broader market involved 1.3 billion securities valued at S$1.8 billion. There were 331 advancing stocks against 258 decliners. Addvalue Tech topped activity by volume, with 71.8 million shares traded, while DBS led by turnover value at S$197.6 million on 2.7 million shares.
Among the banks, UOB dropped 0.7 per cent, or S$0.29, to S$41.59. DBS closed at S$74.44 after losing S$0.13, or 0.2 per cent, while OCBC ended at S$29, down S$0.05, or 0.2 per cent.
CapitaLand Investment was the strongest STI constituent, closing at S$2.40 after a S$0.09 increase, equivalent to 3.9 per cent. Yangzijiang Shipbuilding ranked last among the blue chips, ending at S$4.88 following a S$0.08 decline, or 1.6 per cent.
In the iEdge Singapore Next 50 Index, Top Glove led gains with a 5.5 per cent rise, adding S$0.015 to reach S$0.29. UMS Integration recorded the largest fall, losing 3.6 per cent, or S$0.08, to finish at S$2.14.
Elsewhere in the region, Hong Kong’s Hang Seng rose 0.7 per cent and South Korea’s Kospi added 0.3 per cent. Malaysia’s FTSE Bursa Malaysia KLCI gained 0.2 per cent, while Japan’s Nikkei 225 slipped 0.3 per cent.
