The STI began surging to its all-time high after 5pm, ending the day 0.22% higher than its 4,009.33-point open.
The biggest gainers among the index’s 30 constituents were DFI Retail Group, up 4.98% for the day; City Developments, up 2.23%; and Hongkong Land, up 1.74%.
On the other hand, yesterday’s top gainer UOL Group led the day’s losers, declining 1.19% for the day. Keppel DC REIT fell 0.86% while Singtel slipped 0.77% over July 3.
The index started the week at 3,970.09 points on June 30.
See also: STI closes above 4,000 points for the first time
The STI, whose constituents are the 30 largest Singapore-listed stocks by market capitalisation, last notched a high-water mark of 4,005.18 points on March 28; it was also the first time the STI had crossed the 4,000-point mark. The STI closed at 3,972.43 points that day.
A week later, however, the STI sank to a 2025 low of 3,372.38 points on April 9 owing to Trump’s “Liberation Day” tariffs, though this was later postponed for 90 days to July 9.
Last week, The Edge Singapore reported on OCBC Investment Research’s Singapore strategist Carmen Lee’s comments that the STI has a “slightly good chance” of crossing the 4,000-point mark again in 2H2025.
Following a June 27 media briefing, Lee told The Edge Singapore that her 12-month target for the STI ranges around 4,060 to 4,280 points.
