Singapore Shares May Find Support on Friday After Recent Declines

Singapore shares are expected to find a floor on Friday, May 29, 2026, following a down session, as global market cues showed signs of stabilization overnight. The Straits Times Index (STI) closed lower on Thursday, but traders now see potential for bargain hunting to lift the benchmark. Support could emerge in banking and property counters, which have faced selling pressure in recent sessions. Regional sentiment improved after U.S. stock futures edged higher in early Asian trade, providing a modestly positive lead for Singapore equities. Investors are also monitoring upcoming economic data and any policy signals that could influence local market direction. Volume is likely to remain subdued ahead of the weekend, with immediate resistance for the STI seen near the 3,200-point level, market strategists noted.