Singapore’s stock market experienced a significant boost in June, attracting S$611m in net institutional inflow. This marks a reversal of over 40% of the cumulative net outflow recorded in the previous five months, according to the latest market update. The Straits Times Index (STI) reached a record high of 5,241.80, advancing 2.6% during the month, which contributed to a 13.7% total return for the first half of 2026 and a 36.4% return over the past 12 months.
The financial services sector led the charge with S$683m in net buying, despite ending the first half of the year with a net outflow of S$626 million. Key players such as United Overseas Bank (UOB), Oversea-Chinese Banking Corporation (OCBC), DBS Group Holdings, and Singapore Exchange were significant contributors to this inflow. DBS, in particular, saw a turnaround with S$739m in net institutional inflow over May and June, following earlier outflows.
The FTSE ST Consumer Goods & Services Index also performed well, generating a 6.2% total return in June. Singapore Airlines and SATS were notable contributors, with net inflows of S$344m and S$147m, respectively. Singapore Airlines led the market in net institutional inflow for the first half of the year, buoyed by record revenue and passenger numbers.
Looking ahead to the second half of 2026, investors are expected to focus on earnings resilience amid a challenging external environment. Structural themes such as AI, semiconductors, and digital infrastructure remain supportive, whilst Singapore’s role as a regional capital hub continues to strengthen.
