Ad
Business & FinanceNews

SGX May 1 Forecast: Will Singapore Stocks Sustain Momentum After Strong April Finish?

Following a 1.56% surge on April 30, the SGX prediction for May 1 suggests continued strength, though global tech pressure could moderate gains.

SGX Ends April With Sharp Gains on Broad Buying

The Singapore Exchange Ltd (SGX) rallied 0.22 points (+1.56%) on April 30, closing at 14.36 SGD, its highest level in over a month. The index opened at 14.14 and saw consistent upward movement throughout the day, peaking at 14.36 in the final minutes of trade.

The strong finish reflects investor confidence in Singapore’s financial health, defensive positioning, and sustained strength in banking, property, and logistics sectors.


Financials and Real Estate Lead Market Rally

April 30’s gains were broad-based, with notable strength in:

  • Banks and insurance firms, bolstered by rising rates and capital adequacy
  • REITs and property stocks, gaining on tourism and infrastructure recovery themes
  • Port and logistics stocks, driven by higher regional trade volume
  • Retail-linked counters, which benefited from Q1 earnings momentum and dividend announcements

These segments reflect Singapore’s robust macro fundamentals and strong dividend-paying equity appeal.


SGX Prediction for May 1: Modest Gains Likely Amid Global Caution

The SGX prediction for May 1 signals a positive but cautious open, underpinned by:

  • April 30’s strong technical breakout and renewed buying interest
  • Defensive nature of SGX-listed companies, often seen as safe havens during volatility
  • However, Nasdaq’s minor pullback (-14.98 pts) may limit enthusiasm, particularly in tech-aligned counters
  • Investors may wait for clarity on U.S. Federal Reserve’s rate statement, due later today

Key Catalysts for May 1 Trade in SGX

Singapore traders will monitor:

  • Wall Street’s overnight tone, particularly in financials and tech
  • U.S. Fed policy stance, which could influence global bond yields and equity appetite
  • Q1 earnings from local blue chips, especially in real estate, banking, and industrials
  • Global fund flows into Asia-Pacific markets, of which Singapore remains a strategic hub

What Lies Ahead

The SGX prediction for May 1 remains constructive, with strong domestic fundamentals likely to support continued buying interest. However, external cues and global rate sensitivity could drive sectoral shifts.

Support Levels: 14.20 / 14.10
Resistance Levels: 14.45 / 14.60
Market Mood: Cautiously Bullish

Short-term traders may prefer financials, infrastructure, and yield-oriented names until volatility eases globally.


Stay updated with the latest from Hindustan Herald — your trusted source for
Politics, Business, Sports, Entertainment, Lifestyle, Breaking News, and More.

📲 Follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube
🔔 Join our Telegram channel @hindustanherald for real-time news alerts.

Related Articles

Back to top button