Singapore stocks fall 0.9% as banks drag; Seatrium rises on earnings

UOL was the worst-performing STI constituent, sliding 6.1 per cent, or 69 cents, to $10.68. Read more at straitstimes.com.

SINGAPORE - Singapore stocks closed lower on Feb 26, weighed down by declines in the banking counters.

The benchmark Straits Times Index (STI) fell 0.9 per cent, or 43.35 points, to 4,964.38. The iEdge Singapore Next 50 Index slipped 0.6 per cent, or 8.8 points, to 1,517.79.

All three local banks ended in the red: DBS shed 0.9 per cent to $57.16, OCBC eased 0.3 per cent to $21.34, and UOB declined 0.6 per cent to $36.76.

Across the broader market, losers outnumbered gainers 375 to 254, with 2.1 billion securities worth $2.5 billion traded.

Seatrium – trading on a cum-dividend basis – was the top performer on the blue-chip index, climbing 3.2 per cent, or seven cents, to $2.28.

This was after the offshore and marine player reported a 48.3 per cent increase in net profit to $179.3 million for the second half ended Dec 31, 2025. Full-year net profit doubled to $323.6 million.