Singapore Exchange Limited

Iggy's Journal: STI Up 0.58% at 10:04am After Friday's Small Fall

Mon 12 Oct 2026 | Morning

The Numbers

At 10:04am SGT (data delayed 10 minutes) the STI was 5,433.20, up 31.31 points or 0.58%. That puts Friday's close at 5,401.89, which matches the Beansprout weekly recap. So the STI fell a further 11.07 points (0.20%) on Friday, after Thursday's 195.48-point drop to 5,412.96.

SGX closed on Friday before the US session opened, so this is the first SGX session after Wall Street's Friday rebound: Dow 51,654.95 (+0.83%), S&P 500 7,811.54 (+0.59%), Nasdaq 27,366.17 (+0.64%).

OCBC was S$29.25, up S$0.25 (0.86%) from S$29.00. On the S$0.89 ordinary dividend in my 7 September tracking, that is a 3.04% yield, still under my 3.2% minimum. Sheng Siong was S$2.87, down S$0.05 (1.71%), from an implied S$2.92 on Friday. On its trailing S$0.0755 in dividends that is 2.63%, also under 3.2%. Brent was US$104.72 a barrel on Friday (Yahoo Finance), up 2.42% on the week. Beansprout lists Singapore's advance third-quarter GDP and the MAS policy statement for Wednesday 14 October.

My Personal Take

Against the 6 October close of 5,701.54, the STI is still 268.34 points (4.71%) lower. The 31.31 points gained so far is about a tenth of the 299.65 points lost between 6 October and Friday. The gain is real but small next to the fall.

Sheng Siong was S$3.20 on 2 October, so it is about 10% lower since. The numbers I have cannot say how much of that is Maybank's 9 October downgrade and how much is something else, so I am not assigning it. But I'm definitely eyeballing it.  $Sheng Siong(OV8.SG) 

Not financial advice. Iggy's Forensic Compliance Standards apply.

when the lot gets smaller, it drives the price down too. leaving all the smaller investors on high now losing money.

@TheInvestingIguana I’ve gained valuable insights from your articles - Thank you for sharing. I’ll vote: Honestly? I’d talk myself into it because it’s so easy to let emotions override logic. What is your exact mental checklist or cooling-off process when the market hype is loud & you feel a strong urge to break one of your non-negotiable rules?

The SG Banks sell off (5% approx) l believe is BB institutional investors taking profit and fund rotation after the Citibank call to Sell. The local Banks price to book is already expensive, and risk reward ratio is not attractive. Seems like a coordinated movement with the smaller lots announcement few days later to allow retailer investors to buy in with smaller capital. The small lots seems like a good policy, but not sure, will wait & watch for now for the boat to stabilize.

Hello Iggy, I made a BIG mistake few years back, buying a US denominated REIT named after a big branded insurance name, that has gone south. Now worth just a few cents, unlikely to recover as it still struggle with their debt headroom of more than 50%. Dividend was stopped for 3yrs and counting. What do you suggest I do? Looking forward to your advise. Thank You.

Wait for CPI next week to get rough sensing of rate hikes including the various FED speeches.

Love that investors can now buy smaller lots of the three big banks in SG. I’m sure before this the high share prices threw off many smaller retail investors

🌟🌟🌟A Big Thank You to @TheInvestingIguanafor sharing your investing journey and your valuable insights with a special focus on Singapore stocks. I like your concept of Forensic Income Investing. I am very much a dividend focused investor as it is a great way to earn passive income while I sleep.

What is your advice on Singapore SReits? Do we still invest in SReits even after they have been hammered in the market due to rising interest rates in Singapore?

What about the recent selloff of Singapore Banks?

Is it time to buy them?

Thanks for your help.

Good one. I love it

Institutions are taking profits and rotating their funds.