Against this backdrop, Singapore’s value-up agenda continues to anchor the market through governance discipline, capital efficiency and structural transparency rather than cyclical momentum alone.
Singapore’s equity market closed May on a firm footing, with the Straits Times Index delivering a 3.3% total return for the month and setting a fresh all-time high near 5,073 points, underpinned by resilient economic data and steady institutional participation.
First-quarter GDP expanded 6% y-o-y, beating advance estimates, and the Ministry of Trade and Industry maintained its full-year 2026 growth forecast at 2% to 4%, citing robust AI-related demand even as it flagged rising downside risks from the Middle East conflict and energy supply disruptions.
