Solidion Tech

The Straits Times Index (STI.SG) in Singapore fell approximately 0.6% to around 5,720 points on Wednesday, breaking the rebound momentum that had pushed it to a new high at Tuesday's close. The index weakened further, falling about 0.5% in early Thursday trading.

All three major banks saw slight declines after releasing their earnings.

I believe this is just a basic broad market adjustment; the turning point will soon resume its upward trend.

I think STI will continue its rally with bank displaying an increasing amount of income coming from wealth management as wealth come into SG from unstable geopolitical landscape. On a technical POV, price did breakout of a 17 year range so I expect price to head up higher, people forget there are ‘dead decades’ in the S&P as well

Weak US jobs data gives the Fed cover to cut faster, which is rocket fuel for *$SentinelOne(S.US)&P 500(.SPX.US)*. Meanwhile *$SentinelOne(S.US)TI.SG* benefits from capital rotating into stable, high-dividend markets like Singapore, with *$DBS.D05.SG* as the proxy.

SG’s *$SentinelOne(S.US)TI.SG* hitting 9 straight weekly gains with *$DBS.D05.SG* leading shows real strength. US jobs miss fuels Fed cut bets, pushing *$SentinelOne(S.US)&P 500(.SPX.US)* to records. Berkshire pausing sales adds confidence.

The markets did well consolidating into the weekend after a good rally. If we keep getting shallow pullbacks, they look good for a sustained rally.

Sti increase due to recent banks stocks increase from good earnings. Please exercise caution or if you are already up by lots year to date. Have a good day.

soon sti may lose its streak. nothing goes up forever. the same for ai stocks

I keep thinking tonight is full swing off day after our Lion Roars🦁 Markets open with cautious optimism, balancing earnings momentum and macro risks. ☕️

While new highs are positive, have to balance between staying invested for the long term versus fomo trading. Happy belated birthday Singapore!

Recent gambling-style industrial restructuring and policies in the chip and IT sectors by the US and Japan have led to a rise in the stable Chinese and Hong Kong stock markets 📈

Singaporean banks performed excellently across the board this week. DBS announced record full-year results on Thursday (adjusted net profit +24.6%, dividend increased by 52% to S$0.57).

OCBC ($Oversea-Chinese Banking Corporation(O39.SG)) and UOB ($United Overseas Bank(U11.SG)) followed suit on Friday morning, both exceeding expectations with double-digit profit growth.

The FTSE Singapore Straits Times Index (STI.SG) closed at 5,638.99 (+1.03%) on Thursday and extended its gains to approximately 5,656 (+0.3%) in Friday's early trading.

Although the three major banks are already leading the pack, other sectors are showing weak upward momentum. Besides financial bank stocks, there must be other diversified sectors keeping pace.

Looks like DBS continues to dominate the SG banks and SG stock market. Stable dividends too. Good for passive STI ETF holders as well!

The S&P500 closed with a new record high as tech stocks lead the rally. Sg STI on the other hand, has fallen for the 4th consecutive day, losing more than 1.7% as banks cool down ahead of their earnings. Oil starts to drop with peaceful talks happening over the past week with lesser known attacks.

I am most concerned about Friday's employment data.

Earnings reports are more than halfway done. The first half was rough for US stocks, so the second half should see catch-up gains. Earnings will be a breeze now. There are too many retail investors and too much emotion right now, simply because employment is weak.

Singapore is a bit different, surging against the odds. I predict STI will fall compared to my entry point this week. If it doesn't fall, next week will be even worse. Let's see. I don't like to speak too absolutely. I am holding positions, just with a larger defensive allocation.

I'm cautious. Singapore’s economy is steady but not booming. The STI’s record highs are more about capital flows and sector leadership than a broad growth surge. This is a technically impressive breakout, but it’s narrow, valuation‑rich, and earnings‑dependent. The sustainability hinges on whether August’s bank results can broaden confidence beyond financials.

🦎 IGGY CLOSING BRIEF, 20 JULY 2026

🌆 That is a wrap on 20 July 2026. Here is what the session delivered.

SESSION SUMMARY  

The Straits Times Index closed at 5,498.9, down 10.48 points or 0.2 percent. Essentially flat after Friday’s pullback.  

This came against a volatile oil backdrop. Brent crude pushed above 90 US dollars intraday before easing on reports of possible US-Iran talks. The STI holding steady suggests the market is not pricing a worst-case Hormuz disruption for now.

THREE MOVERS IGGY IS WATCHING  

👁 Z74 SingTel, -0.90% to $4.40  

Giving back part of Friday’s gain. No change to my read. Yield still leans too heavily on asset recycling at current levels.

👁 544 CSE Global, +7.08% to $1.21  

Previously flagged as a structural concern, but not recently re-verified. Today’s move is not confirmation of anything yet. There was an earlier strategic review process tied to this name. Needs verification if today’s jump links to any update.

👁 5E2 Seatrium, +0.50% to $2.00  

Structural concern remains. Cash flow and interest coverage are still below my thresholds for an income name. Today’s move does not change that.

MACRO INTO TOMORROW  

Iran tensions escalated further, with reports of casualties and claims of a Strait of Hormuz closure. Brent remains volatile in the high 80s to low 90s range.  

The immediate transmission risk is household energy costs rather than direct impact on most SGX dividend names. Watching for second-order effects in shipping and logistics. Nothing confirmed yet worth acting on.

IGGY’S END OF DAY READ  

A calm index masking real volatility in oil. No change to forensic thresholds. I want to see where Brent settles before calling any downstream impact.

Not financial advice. Iggy’s Forensic Compliance Standards apply.

while US chips bled double digits, $Dominion Energy(D.US)05.SG$ held above S$70 and the SG banks stayed near records. this is the whole reason i keep my core local, DBS doesn't swing 13% on one capex line from a Taiwanese foundry. STI dipped a bit on the chip spillover but the banks are doing the heavy lifting. held since the low 60s, crossed 70 this month, not selling into strength. steady compounding.

🌟🌟🌟 What's really exciting today in the Singapore market is the 3 Singapore banks continuing their all time highs driving the STI Index past the 5,500 mark.

$DBS(D05.SG)recently achieved a landmark session by surpassing the SGD 70 threshold for the first time in history. Its market cap is now past the SGD 200 billion.

$OCBC Bank(O39.SG)and $UOB(U11.SG)also hit their all time highs.

The key drivers behind the market record run are:

Robust corporate earnings and wealth management boom, massive institutional inflows and flight to safety by large global funds. The Singapore banks also offer attractive dividend yields averaging 4% to 5%.

Market sentiment has also been supercharged by the Singapore Government's ongoing Equity Market Development Program.

As a long term investor in these 3 banks, I am really happy with their performance.

I’m confident in my investment in the STI ETF because it provides broad exposure to Singapore’s strongest blue-chip companies, reducing the risk of relying on a single stock. Its diversification, combined with the potential for long-term capital appreciation and consistent dividend income, makes it a reliable core holding that I believe will continue to perform well over time.