Summary: The Straits Times Index (STI) crossed the 4,000-mark for the first time, driven by strong performance from Singapore’s banks and industrial sector. ST Engineering and Sembcorp Industries led the charge, with their target prices revised upwards. The industrials sector saw significant net institutional inflow in March, benefiting from developments in China, the US, and ASEAN.

Link: https://www.businesstimes.com.sg/companies-markets/singapores-sti-crosses-4000-mark-first-time