Equities in Singapore rose 16 points, or 0.4%, to 4,206 around noon on Monday, marking their eleventh consecutive session of gains. The Straits Times Index hit a new high, extending its upside momentum and surpassing the 4,200 mark, supported by ongoing inflows and solid economic data. Traders awaited June inflation data, due on Wednesday, after May inflation eased to its lowest level since February 2021, fueling hopes for a third round of monetary policy easing this year. The index tracked higher following gains in US stock futures as investors prepared for big tech earnings reports. Market participants continued to monitor the US’s trade agreements with key partners, following recent deals with Vietnam and Indonesia. Among the top performers were City Development (2.0%), Mapletree Logistics Trust (1.7%), Yangzijiang Shipbuilding (1.7%), Capital Land Investment (1.1%), and SATS (1.2%).
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