SGX Today, February 20: STI tops 5,000 as Wall Street tech rally lifts

SGX Today, February 20: STI tops 5,000 as Wall Street tech rally lifts

SGX today delivered a decisive breakout, with the Straits Times Index up 1.3% to 5,001.56, closing above 5,000 for the first time in years. A tech-led Wall Street rebound and firm US data lifted risk appetite, while post-Lunar New Year liquidity supported Singapore stocks. Gains in the iEdge Singapore Next 50 also signalled improving breadth. We see SGX today as a constructive step for both blue chips and mid-caps, with investors likely reassessing allocations toward higher-quality names and liquid sector leaders.

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