Singapore Stocks Head for Six-Year High on Earnings Potential
- Major bank stocks have risen to record highs in recent weeks
- Second quarter earnings season to begin at the end of July
This article is for subscribers only.
Singapore’s stocks are poised for a six-year high thanks to a revival in bank shares as optimism rises ahead of the upcoming earnings season.
The Straits Times Index climbed as much as 0.7% on Wednesday, set for the highest close since June 2018. Mapletree Pan Asia Commercial Trust and DBS Group Holdings Ltd. were among the biggest gainers on the gauge.