Singapore’s stock market is really making headlines lately. The Straits Times Index (STI), which is considered a benchmark for the market, recently climbed to a 17-year high of 3,744, marking a 15% increase for the year. Just last week, I talked about three Singapore REITs that upped their dividends despite the challenges of rising interest rates. Interestingly, I’ve noticed that the share prices of several prominent blue-chip stocks have also reached fresh 52-week highs. In this discussion, let’s explore what’s fueling the momentum behind three leading Singapore blue-chip companies—DBS, SGX, and ST Engineering.
## 3 Singapore Blue Chips Hitting Their Peaks
Let’s take a closer look at three blue-chip stocks that have recently hit their 52-week highs and delve into their latest performances, business updates, and future prospects.
### #1 – DBS Group
DBS Group is the largest bank in Singapore by market value, providing a broad array of banking, insurance, and investment services to both individual and corporate clients. The bank’s stocks have recently soared to a new 52-week high…
