Singapore’s flagship Straits Times Index (STI) passed the 5,000 point mark for the first time on Feb 12, hitting 5003 points shortly after markets opened.
The STI passed its last major milestone on March 28, 2025 when it crossed 4,000 points. It went on to pass the 4,600 mark in December.
The STI has been on a tear since 2024, following the announcement that the Monetary Authority of Singapore (MAS) was convening a review group to bolster Singapore’s stock market. The group published its final report on Nov 19.
“Last year, STI’s total returns was over 28%,” says national development minister and MAS deputy chair Chee Hong Tat. Chee was speaking at the 60th anniversary celebration of the STI held at SGX Centre on Jan 5.
“If we take a longer, five-year view, its total returns was over 100% in Sing-dollar terms, outperforming other regional markets,” Chee adds.
Market watchers and analysts remain bullish on the STI’s prospects. In October 2025, DBS Group Research’s group head Timothy Wong says the blue-chip index could reach nearly 10,000 points by 2040. Carmen Lee, head of equity research at OCBC Group Research, told the bank’s clients at an investment seminar on Jan 6 that Wong’s target could be reached in the coming years.
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“Earlier in the year, I think a couple months ago, you saw some reports come out saying that [the] STI should reach 10,000 in a few years' time,” says Lee. “So if you compound that, it’s really only 5% per year. And for someone to achieve 5% a year, I think that is quite achievable.”
