The Straits Times Index (STI) closed 20.71 points higher, or 0.53% up, at 3,925.56 points on Feb 18, just minutes after Prime Minister and Finance Minister Lawrence Wong finished delivering Budget 2025.
This marks a new all-time high close price for the STI. The index closed at 3,904.85 points on Feb 17, the previous trading day.
Prior to Wong’s address at 3.30pm, the STI was up 20.19 points for the day, or 0.52% up, to 3,925.04 points.
The benchmark index had surged to a previous record intra-day high of 3,921.3 points on Feb 10, buoyed by DBS Group Holdings — the Singapore Exchange ’s largest stock by market capitalisation — which reported record full-year net profit of $11.4 billion that morning.
Two STI constituents will be releasing financial results tomorrow (Feb 19). United Overseas Bank (UOB) will announce its full-year results for FY2024 ended Dec 31, 2024; while Singapore Telecommunications (Singtel) will provide a business update for its 3QFY2025 ended Dec 31, 2024.
Follow the market’s reaction to Budget 2025 on The Edge Singapore.
