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Singapore Stocks Surge on Banking Rally

29 Jul

Summary

Singapore stocks on track for best July in six years.
Straits Times Index climbed 8.6% this month.
Rally driven by strong performance in banking shares.

Singapore's stock market is experiencing a significant upswing, with the Straits Times Index (STI) on track for its best July performance in almost six years. As of July 29, 2026, the STI has already surged by 8.6% throughout the month.

This remarkable growth is primarily fueled by a strong rally in the banking sector. Key financial institutions like DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. have shown impressive performance, contributing significantly to the index's overall gain. The index's upward trajectory positions it for its most substantial monthly increase since November 2020, signaling robust investor confidence.

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