The Singapore stock market wrapped up a week of modest activity, with the STI (SGX: ^STI) dipping slightly, closing at 3,804.26 on 24 January, down 0.1% or 2.31 points for the week amid mixed performances in key sectors and ongoing global economic developments.

Stock Highlights of the Week

Singtel (SGX: Z74) was the week’s star performer, climbing 2.9% or S$0.09 to close at S$3.20. With a trading volume of 31.2 million shares, it ranked as one of the most actively traded stocks. SATS (SGX: S58) saw its share price dip 2.3% or S$0.08 to S$3.44. This came despite positive long-term outlooks tied to the recovery of the aviation sector. DBS (SGX: D05) recorded a slight decline of 0.7% or S$0.30, ending at S$43.51. Meanwhile, UOB (SGX: U11) and OCBC (SGX: O39) saw marginal decreases of 0.3% and 0.1%, respectively, reflecting subdued investor sentiment.

MAS Adjusts Monetary Policy

On Friday, the Monetary Authority of Singapore (MAS) announced a modest adjustment to its Singapore dollar...