SIA closes 7.4% lower, erasing three weeks’ worth of gains

SIA was the top loser among the Straits Times Index’s (STI) 30 constituents on July 29, with its decline outpacing SATS (-2.37%) and Seatrium (-1.65%).

The bellwether index ended the July 29 session 11.73 points lower, or 0.28% down, at 4,229.41 points, marking a second consecutive session of decline after a month-long tear.

Some constituent stocks have begun reporting their quarterly results, starting with REITs like Frasers Centrepoint Trust and Mapletree Industrial Trust.

See also: Share buybacks by SGX-listed companies surge 80% y-o-y to $1.65 bil; UOB, DBS and OCBC top spenders

Investors are holding their breath for Aug 1, when Oversea-Chinese Banking Corporation (OCBC) will release its 2QFY2025 results a week ahead of peers DBS Group Holdings and United Overseas Bank (UOB). Combined, the three banks make up half of the STI by weight.

DBS and OCBC will release their quarterly results on Aug 7.

Read more about SIA's 1QFY2026 results:

• SIA earnings down 58.8% y-o-y for 1QFY2026 to $186 mil from lower interest income


• Maybank downgrades SIA to ‘sell’ as shares ‘run ahead’ of fundamentals


• CGSI downgrades SIA after earnings miss, tells investors to ‘take profit’ before Aug 8