Market Snapshot
Singapore stocks opened lower on Thursday. STI fell 0.28%; UMS, AEM SGD fell over 2%; Haw Par, SATS, Kep Infra Tr fell around 1%; ThaiBev, Golden Agri-Res up over 1%.
Stocks in Focus
CapitaLand Integrated Commercial Trust (CICT): Unitholders of CICT pressed hard for answers at an extraordinary general meeting on Wednesday to approve the proposed S$3.9 billion acquisition of Orchard Road mall Paragon. Among them was Ng Ee Peng, who was chief executive of CapitaLand’s commercial and fund management business units from 2000 to 2002. Units of CICT closed at S$2.33 on Wednesday, up 2.2 per cent or S$0.05.
Singapore Exchange (SGX): Robust trading activity and sustained investor participation across all market segments propelled SGX’s securities market turnover value up 70 per cent year on year to S$45.8 billion in May 2026, the local bourse reported on Wednesday. Securities daily average value for the month jumped 79 per cent year on year to S$2.4 billion, the highest level recorded since October 2007.
SG Local News
Tech stocks could surpass S-Reits on iEdge Singapore Next 50 index if growth momentum keeps up: SGX
The technology sector could soon overtake Singapore real estate investment trusts (S-Reits) as the dominant force in the iEdge Singapore Next 50 Index if its current growth momentum is sustained, an SGX Market Update reported on Wednesday (Jun 10).
The report said: “If the technology sector sustains its early-year momentum, its influence within the index could surpass S-Reits, marking a shift from income‐led exposure towards more growth and global flow‐driven sectors.”
Singapore’s private wealth gets more discerning on AI-era technology exposure
Driven by the rapid evolution of generative artificial intelligence, Asia family offices and high-net-worth allocators are actively re-evaluating their underlying software exposure in public and private markets.
This is amid growing concerns that traditional software-as-a-service (SaaS) models are losing their structural moats.
Market volatility has underscored these anxieties, highlighted by the iShares Software ETF plummeting 30 per cent – a decline recorded over just a few weeks – on fears of AI displacement before staging an uneven 40 per cent rebound, though that has since tapered.
