Global markets were mixed last week, with modest gains in Singapore’s Straits Times Index (SGX: STI) during earnings season while US markets fell sharply due to weakening economic fundamentals, including slowing business activity.

Stock Highlights of the Week

STI Performance 

The STI posted a 0.1% gain on Friday, closing at 3,929.94. This modest gain reflects broader regional strength, with Hong Kong’s Hang Seng surging by 4% and Japan’s Nikkei 225 up by 0.3%. Sembcorp Industries (SGX: U96) Urban solutions provider Sembcorp Industries led gains on the STI, rising 3.8% to close at S$5.75. The rally came as investors grew optimistic about its earnings potential in clean energy and urbanisation projects. DBS Bank (SGX: D05) The share price of Singapore’s largest lender increased by 1.2%, closing at S$46.62, reflecting investor confidence in the banking sector’s performance with the stabilisation of economic conditions. Genting Singapore (SGX: G13) Despite gaining attention with the opening of Illumination’s Minion Land at Universal Studios Singapore and other...