Singapore’s Small-Cap Stocks Get Bullish Calls on Market Revamp

Singapore’s small- and mid-cap stocks may be poised for further gains, supported by local market reforms, according to analysts.

Regulators are set to make a final round of disbursement from the S$5 billion ($3.9 billion) Equity Market Development Program in the second quarter of 2026, which could “broaden investor interest beyond benchmark large-cap names,” Oversea-Chinese Banking Corp. analysts including Ada Lim wrote in a note dated Monday. Efforts by the program’s review group may also “foster greater investor confidence” in local small- and mid-cap firms, they said.