Straits Times Index posts 3.3% total return in May led by Sats and Venture Corp

The Straits Times Index (STI) posted a total return of 3.3% in May 2026, with dividends accounting for about a quarter of the gain ^{[1, 2]}. The STI reached a record high of 5,102.07 points on May 25, marking its strongest level to date ^[2].

For the first five months of 2026, the STI's total return climbed to 10.8% ^{[1, 2]}. Analysts attributed the robust performance to a resilient macroeconomic environment featuring solid GDP growth, stable industrial output, sustained non-oil domestic exports growth, and growing demand linked to artificial intelligence ^{[1, 2]}.

Exchange-traded funds tracking the STI saw combined net inflows of SGD 128.9 million in May, lifting cumulative net inflows since March 2025 to SGD 1.2 billion ^[1].

Among STI constituents, Sats led May's gains with a 16.7% price increase after reporting record fiscal 2026 revenue and a 17% rise in net profit year-on-year ^{[1, 2]}. Venture Corporation followed with an 11.1% gain, supported by a return to year-on-year revenue growth and a strategic pivot towards higher value-added business segments ^{[1, 2]}.

The iEdge Next 50 Liquidity Index, which tracks 50 key SGX mainboard companies outside the STI, rose 2.5% in May and soared 12.2% year to date ^[1]. In contrast, the iEdge Singapore REIT Index fell 0.7% in May and 3.7% over the first five months of 2026 ^[1]. Frasers Logistics & Commercial Trust (FLCT) was the best-performing REIT in the STI basket, rising 4.2%. On May 25, FLCT agreed to acquire four logistics properties in Germany and the Netherlands for 294.9 million euros (about SGD 438.9 million) ^[2].

Institutional flows into Singapore equities remained positive in May. DBS Group recorded SGD 637 million of net institutional inflows for the month, reducing its accumulated net outflow for 2026 to SGD 1.47 billion ^[2]. Across all 30 STI constituents, net institutional inflows totaled SGD 78 million in May, with technology stocks making a significant contribution ^[2].

Singapore Exchange Research is scheduled to release further detailed market statistics and commentary on STI performance for May 2026 shortly ^{[1, 2]}.