S68.SI Stock Today: January 4 – SGX leads STI drop after Fed minutes

SGX stock today sits in focus for Singapore investors after Singapore Exchange S68.SI led the STI lower on Dec 31 when risk appetite faded on the Fed minutes. The latest price is around S$17.05 (+0.53%), within a day range of S$16.96 to S$17.14. With banks and REITs sensitive to rates, we expect selective moves as the new year starts. We outline price levels, fundamentals, and what to watch ahead of SGX’s earnings on 29 Jan 2026.

SGX stock today: price action and market drivers

SGX stock today is near S$17.05, up S$0.09 (0.53%), with volume at 916,600 versus a 2,545,482 average. The 50-day average sits at S$16.93 and the 200-day at S$15.59, keeping the medium-term trend positive. The 52-week range is S$11.50 to S$17.89. Market cap stands at S$18.22 billion. This places the stock closer to the upper end of its 1-year band.

The recent pullback came as investors priced slower, data-led US rate cuts flagged in the Fed minutes, dampening risk. Sentiment spilled into Singapore equities, with exchanges, banks, and REITs softening on the final half-day session of 2025. Coverage noted SGX weakness as yields stayed sticky source. That macro tone frames SGX stock today.

On Dec 31, the STI slipped 0.2%, with SGX among the larger decliners as investors trimmed exposure into year-end on rates anxiety. Local reports highlighted broad caution across cyclicals and yield plays source. This backdrop informs SGX stock today as participants assess whether the first week sees follow-through selling or a stabilisation bid.

Rates watch: banks and REITs in focus

Higher-for-longer interest rates can slow equity issuance and trading volumes, which are core to SGX revenues, while lifting funding costs for REITs. Banks benefit from firmer margins but may see slower loan growth. That mix shapes sentiment for Singapore stocks. For SGX stock today, investors are weighing whether derivatives and data revenue can offset softer cash equity turnover if rates ease later than hoped.

We are watching moves in US Treasury yields, SGD funding conditions, and any updates on primary listings or secondary placements. Bank stocks like DBS, OCBC, and UOB often set the tone for STI performance, while REITs react to yield shifts. For SGX stock today, a calmer rates backdrop could aid a bounce, whereas renewed yield spikes may cap rallies near recent highs.

SGX reports on 29 Jan 2026. Focus areas: derivatives and FICC volumes, data and indices growth, and cost discipline. Trailing dividend is S$0.3925 per share (about 2.30% yield) with a payout ratio near 59.5%. That supports income appeal, though the yield sits below many REITs. SGX stock today trades ahead of this catalyst, so guidance on activity trends will be key.

Valuation, fundamentals, and technical levels

At ~S$17.05, SGX trades at 28.15x TTM earnings and 8.29x book, reflecting its exchange and data franchise. ROE is a robust 30.62% with a current ratio around 2.02 and debt-to-equity near 0.31. Free cash flow yield is about 4.36%. Over 1 year, the share price gained roughly 48.99%, supported by growth in FICC and resilient derivatives.

Momentum is balanced: RSI 53.84 is neutral, MACD is slightly positive, and ADX 12.83 signals no strong trend. Bollinger bands sit at S$16.53 to S$17.29 (mid S$16.91). Keltner channels span S$16.55 to S$17.37 (mid S$16.96). ATR is S$0.20. For SGX stock today, that suggests range trading unless volumes expand through resistance.

Key supports are S$16.96 to S$16.91, then S$16.55 to S$16.53. Resistance sits at S$17.29 and S$17.37. A close above S$17.37 could target the 52-week high near S$17.89, while a break below S$16.91 opens S$16.55. For SGX stock today, traders may prefer buying pullbacks toward mid-band support with tight stops.

Outlook for SGX stock today

Model projections point to consolidation: 1-month S$16.91, quarterly S$16.59, and a 12-month estimate near S$17.46. That implies modest upside unless catalysts improve. For SGX stock today, watch if derivatives activity and data revenue sustain growth, offsetting any cash equity softness tied to rate expectations.

Upside drivers include stronger listings, healthy derivatives volumes, and steadier global risk appetite if US inflation cools. Headwinds include muted equity turnover, a light fundraising pipeline, or another push higher in yields. SGX stock today likely responds most to visibility on capital markets activity and guidance on cost control.

For diversified portfolios, a core position with staged adds on weakness can make sense given 3-year gains of about 87.35% and solid cash generation. Use position sizing and stops around S$16.55 to manage risk. Income holders can monitor dividend stability. SGX stock today suits investors seeking quality exchange exposure with balanced growth and yield.

Final Thoughts

SGX stock today trades near the upper end of its 1-year range as investors weigh the Fed’s path and local activity trends. We would track support at S$16.96 to S$16.91 and resistance at S$17.29 to S$17.37, with a potential retest of S$17.89 on a breakout. Ahead of the 29 Jan 2026 results, attention should be on derivatives and data revenue, cost control, and commentary on listings. Banks and REITs will continue to steer STI performance in a rates-driven tape. For now, a buy-the-dip approach near mid-band support with defined stops offers a practical plan while we reassess after earnings. Always size positions prudently and diversify across Singapore stocks.

FAQs

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.