The STI opened lower but recovered to close nearly flat, as Keppel (+2.7%) and Singtel (+2.5%) gains alongside broad S-REIT strength offset a persistent drag from heavyweight banks on margin concerns.
Singapore market temperature sits in neutral territory — driven mainly by slightly elevated valuations (around the 60th historical percentile), with the share of advancing stocks notably low (near the 6th historical percentile). No single catalyst stood out today; the market is searching for a fresh direction.