SGX Set for Stable Opening on April 29 Amid Mixed Global Signals
The Singapore Exchange is expected to open flat to mildly positive on April 29, balancing global market weakness with local resilience.
Key Highlights:
SGX Prediction Today: 29 April Eyes Steady Start Despite Global Market Volatility
The Singapore Exchange (SGX) is expected to open flat to mildly higher on Tuesday, April 29, 2025, supported by local resilience despite mixed cues from Wall Street and other Asian markets. While global tech weakness weighs on broader sentiment, the defensive nature of Singapore’s market structure is likely to limit downside.
Global and Local Factors Shaping SGX
- Nasdaq Composite closed slightly lower (-0.097%), triggering caution globally.
- Dow Jones Futures and S&P 500 Futures remain broadly steady, containing global downside risks.
- Regional peers (ASX 200, Nikkei 225) showing resilience, supporting Singapore market tone.
- Singapore Dollar (SGD) remains stable, reinforcing foreign investor confidence.
SGX Opening Range Forecast for April 29
- Expected Opening Range: 3,235 – 3,250 (Straits Times Index – STI)
- Support Levels: 3,225 / 3,215
- Resistance Levels: 3,260 / 3,275
- Expected Trend: Flat to mild positive bias
Sectors to Watch
- Banking: DBS Group, OCBC, and UOB may maintain firmness amid stable yields.
- Real Estate Investment Trusts (REITs): Capitaland Integrated Commercial Trust and Mapletree Logistics Trust could attract defensive buying.
- Telecom: Singtel may show mild gains.
- Industrial and Shipping: Yangzijiang Shipbuilding and Sembcorp Industries remain stocks to watch.
Key Drivers for Today
- Stable bond yields: Supporting banks and REITs.
- Limited exposure to tech volatility: Reducing pressure compared to tech-heavy markets.
- Earnings season: Stock-specific moves expected from local corporates releasing quarterly results.
- Commodity and oil prices: Favorable for Singapore’s industrial and shipping sectors.
Who Will Be Affected
- Retail investors active in STI-linked ETFs and Singapore blue chips.
- Institutional fund managers balancing Asia-Pacific allocations.
- Derivatives traders working on SGX futures and options.
- Dividend investors focusing on Singapore’s high-yield REIT space.
What This Means for Traders
Today offers steady-to-defensive trading opportunities, particularly in banks, telecom, and real estate. Traders should watch for sector-specific strength rather than broad market moves.
What Happens Next
Investors and traders will monitor:
- Corporate earnings announcements in Singapore.
- U.S. market futures through the Asian session.
- Key economic data releases from China and the U.S. later this week.
- Currency and bond market trends impacting defensive and yield sectors.
If the Straits Times Index holds above 3,235 early, a test of the 3,260–3,275 range could occur during the session.
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