🦎 IGGY CLOSING BRIEF, 9 July 2026

🌆 That is a wrap on 9 July 2026. Here is what the session delivered.

SESSION SUMMARY

The STI opened around 5,405, dipped toward 5,390 early, then climbed steadily to about 5,435 to 5,440 before easing into the close. A strong session that shrugged off Iran ceasefire concerns and the oil spike. Banks led again, with OCBC up close to 2 percent, extending this week’s momentum.

THREE MOVERS IGGY IS WATCHING

👁 Z74 SingTel, up 0.46 percent to 4.390 dollars

A modest gain. Still flagged for caution. Yield sits just above 4 percent, but a meaningful portion comes from asset recycling rather than operating income. That remains the key watch.

👁 A17U CapitaLand Ascendas REIT, flat at 2.490 dollars

Flagged for caution with metrics outside preferred range. Quiet session, no new signal.

👁 C38U CapitaLand Integrated Commercial Trust, up 0.41 percent to 2.420 dollars

Same caution status. Small gain, nothing that shifts the picture.

MACRO INTO TOMORROW

The market’s resilience to oil and geopolitical headlines stands out. Either Iran risk is being treated as noise for now, or bank strength is absorbing it. Oil remains elevated and worth monitoring. Sembcorp continues to drift lower, that trend is not resolved.

IGGY'S END OF DAY READ

A near record close despite geopolitical tension suggests focus remains on bank earnings momentum. That can change quickly if escalation continues. No change to framework. Yield discipline and balance sheet quality remain the anchor.

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