STI Falls 0.58% to 5,634.82 as SGX Posts Its Steepest Drop Since April 2025

Friday, 2 October 2026 · Longbridge Singapore

The Straits Times Index fell 32.85 points, or 0.58%, to close at 5,634.82 on Friday, pulling back from Thursday's finish of 5,667.67. The index ranged between an intraday high of 5,686.79 and a low of 5,624.70, finishing closer to the bottom of that range. Decliners outnumbered advancers 23 to 5 across the 30-member basket, with two constituents little changed.

Friday's retreat was concentrated rather than broad-based. Singapore Exchange and DFI Retail Group fell 7.16% and 8.82% respectively — each several multiples steeper than the next-worst decliner — while most of the remaining 23 losers slipped by less than 2%. Only five constituents closed higher, led by Thai Beverage, leaving the two heaviest-hit names to do most of the work in pulling the index below Thursday's close.

Session Movers

Thai Beverage (Y92.SG, +2.35%) rose to $0.43, the session's best performer, after confirming in an SGX filing that Sopon Racharaksa will take over as President effective Oct. 1. He steps down as Chief Spirits Product Group but keeps his Chief People Officer role and a seat on the Executive Committee, part of a broader reshuffle disclosed Sept. 27 that also put Kosit Suksingha and Rahul John Colaco in charge of the spirits and non-alcoholic beverage units respectively — a restructuring analysts have linked to tighter cost control and growth execution against a projected THB 372.8 billion revenue base by 2029. Shares trade at 10.78 times earnings, cheaper than 97.16% of the past five years, against a consensus Buy rating and a $0.51 target implying 18.42% upside.

DFI Retail Group (D01.SG, -8.82%) fell to $3.10 even as CGS International reiterated a Buy rating and $5.50 target Friday, and DBS maintained its own Buy call and $5.00 target a day earlier — both pointing to a Moderate Buy consensus with more than 60% implied upside. The drop extends a pattern tracked since mid-September, when the stock logged repeated sharp single-day declines, including an 8.5% plunge on Sept. 18, without a matching company disclosure each time; Friday's slide again came with no negative company-specific news.

CapitaLand Ascendas REIT (A17U.SG, -1.33%) slipped to $2.22 with no fresh disclosure Friday. The REIT is still digesting a Sept. 23 Buy reiteration from DBS with a $2.90 target and a Sept. 21 filing showing BlackRock's deemed stake rising to 7.12% from 6.96%, an increase the filing attributed mainly to additional units held as collateral rather than a new directional position. Shares trade at 0.964 times book, cheaper than 99.92% of the past five years, against a consensus Strong Buy rating and a $3.02 target implying 36.18% upside.

Singapore Exchange (S68.SG, -7.16%) was the session's heaviest single-stock drag, sliding to $20.99 in a move flagged intraday as its largest single-day percentage decline since April 2025. The slide came alongside a cluster of structural disclosures rather than any earnings-related news: Chairman Lim Kok Hoi said companies with no financing needs or growth plans to disclose "may consider privatisation," new rules effective 2027 will require expanded disclosure of executive pay metrics and dividend policy, and the exchange confirmed that, from Oct. 5, it will cut the minimum trading lot for 11 stocks priced above $10 — including DBS and UOB — from 100 shares to 10, widening retail access. Shares trade at 34.59 times earnings, cheaper than 42.15% of the past year, against a consensus Hold rating and a $24.47 target implying 16.56% upside.

One point worth noting

Friday's 0.58% index decline undersells how concentrated the damage was. Singapore Exchange and DFI Retail Group — down 7.16% and 8.82% — were each several times steeper than the next-worst decliner among the 30 constituents, where most of the other 23 losers fell by less than 2%. SGX's own session was flagged as its largest single-day percentage decline since April 2025, a reminder that a single heavily-weighted name can do more to shape the headline number than the broader advance-decline picture suggests.

This recap is for informational purposes only and does not constitute investment advice.

STI跌0.58%收报5,634.82点，新交所创2025年4月以来最大单日跌幅

2026年10月2日星期五 · 长桥新加坡

海峡时报指数周五收跌32.85点，跌幅0.58%，报5,634.82点，较周四收盘的5,667.67点回落。指数盘中介于5,686.79点高位与5,624.70点低位之间波动，收盘更接近区间低点。全场30只成分股中23只下跌、5只上涨、2只持平。

周五的回调并非全面铺开，而是高度集中：新交所（SGX）与牛奶国际（DFI零售集团）分别大跌7.16%与8.82%，跌幅均是篮子内次深跌幅个股的数倍，而其余23只下跌成分股中多数跌幅不足2%。全场仅5只收涨，由泰国酿酒（Thai Beverage）领涨，两只跌幅最深的个股承担了把指数拉低至周四收盘下方的主要力道。

个股焦点

泰国酿酒（Thai Beverage，Y92.SG，+2.35%）收报0.43新元，是当天表现最佳的个股，此前公司在新交所公告中确认Sopon Racharaksa将自10月1日起出任总裁，他将卸任烈酒产品集团总裁一职，但保留集团人力资源总监职务及执行委员会席位；这是9月27日披露的执行委员会更大范围改组的一部分，该改组同时将Kosit Suksingha、Rahul John Colaco分别调任负责烈酒及无酒精饮料业务，分析师将此次重组与加强成本控制、及对标2029年前泰铢3728亿营收目标的执行力挂钩。该股现市盈率10.78倍，比过去近5年97.16%的时间更便宜，共识评级「买入」，目标价0.51新元，隐含18.42%上行空间。

牛奶国际（DFI Retail Group，D01.SG，-8.82%）收报3.10新元，尽管CGS国际证券当天重申「买入」评级、目标价5.50新元，大华银行亦于前一日维持「买入」评级、目标价5.00新元——两家均指向逾六成的市场共识隐含上行空间，股价仍未能止跌。此次下跌延续了该股自9月中旬以来反复出现、却缺乏对应公司层面披露的单日重挫模式（包括9月18日单日暴跌8.5%），周五的下跌同样没有负面公司消息可解释。

腾飞房产信托（CapLand Ascendas REIT，A17U.SG，-1.33%）收报2.22新元，周五无新增披露。该REIT仍在消化9月23日大华银行重申的「买入」评级（目标价2.90新元）及9月21日披露的贝莱德将视同持股比例由6.96%上调至7.12%——公告称增持主要因作为抵押品持有的单位增加，而非新增方向性押注。该股现市净率0.964倍，比过去近5年99.92%的时间更便宜，共识评级「强烈买入」，目标价3.02新元，隐含36.18%上行空间。

新交所（SGX，S68.SG，-7.16%）收报20.99新元，是当天拖累指数最重的单一个股，盘中一度被指将创下2025年4月以来最大单日百分比跌幅。此次下跌伴随的是一系列结构性披露，而非任何财报层面的消息：董事长林国泰表示，若上市公司没有融资需求、也不披露增长计划，「可能需要考虑私有化」；2027年起生效的新规将要求公司加强披露高管薪酬指标与股息政策；交易所并确认，自10月5日起将把11只股价高于10新元的个股（包括星展银行与大华银行）最低交易单位从100股降至10股，以降低散户参与门槛。该股现市盈率34.59倍，处于合理区间，比过去近1年42.15%的时间更便宜，共识评级「持有」，目标价24.47新元，隐含16.56%上行空间。

一个值得注意的点

周五0.58%的指数跌幅其实掩盖了当天抛压的集中程度：新交所与牛奶国际分别下跌7.16%与8.82%，跌幅均是30只成分股中次深跌幅个股的数倍，而其余23只下跌个股多数跌幅不足2%。新交所自身的交易日更是被指将创下2025年4月以来最大单日百分比跌幅——提醒市场，一只权重较重的个股对指数头条数字的影响，有时比整体涨跌家数分布所暗示的更大。

本文仅供参考，不构成任何投资建议。

STI跌0.58%收盤報5,634.82點，新交所創2025年4月以來最大單日跌幅

2026年10月2日週五 · 長橋新加坡

海峽時報指數週五收跌32.85點，跌幅0.58%，報5,634.82點，較週四收盤的5,667.67點回落。指數盤中介於5,686.79點高點與5,624.70點低點之間波動，收盤更接近區間低點。全場30檔成分股中23檔下跌、5檔上漲、2檔持平。

週五的回調並非全面鋪開，而是高度集中：新交所（SGX）與牛奶國際（DFI零售集團）分別大跌7.16%與8.82%，跌幅均是籃子內次深跌幅個股的數倍，而其餘23檔下跌成分股中多數跌幅不足2%。全場僅5檔收漲，由泰國釀酒（Thai Beverage）領漲，兩檔跌幅最深的個股承擔了把指數拉低至週四收盤下方的主要力道。

個股焦點

泰國釀酒（Thai Beverage，Y92.SG，+2.35%）收報0.43新元，是當天表現最佳的個股，此前公司在新交所公告中確認Sopon Racharaksa將自10月1日起出任總裁，他將卸任烈酒產品集團總裁一職，但保留集團人力資源總監職務及執行委員會席位；這是9月27日披露的執行委員會更大範圍改組的一部分，該改組同時將Kosit Suksingha、Rahul John Colaco分別調任負責烈酒及無酒精飲料業務，分析師將此次重組與加強成本控制、及對標2029年前泰銖3728億營收目標的執行力掛鉤。該股現本益比10.78倍，比過去近5年97.16%的時間更便宜，共識評等「買入」，目標價0.51新元，隱含18.42%上行空間。

牛奶國際（DFI Retail Group，D01.SG，-8.82%）收報3.10新元，儘管CGS國際證券當天重申「買入」評等、目標價5.50新元，大華銀行亦於前一日維持「買入」評等、目標價5.00新元——兩家均指向逾六成的市場共識隱含上行空間，股價仍未能止跌。此次下跌延續了該股自9月中旬以來反覆出現、卻缺乏對應公司層面揭露的單日重挫模式（包括9月18日單日暴跌8.5%），週五的下跌同樣沒有負面公司消息可解釋。

騰飛房產信託（CapLand Ascendas REIT，A17U.SG，-1.33%）收報2.22新元，週五無新增揭露。該REIT仍在消化9月23日大華銀行重申的「買入」評等（目標價2.90新元）及9月21日披露的貝萊德將視同持股比例由6.96%上調至7.12%——公告稱增持主要因作為抵押品持有的單位增加，而非新增方向性押注。該股現市淨率0.964倍，比過去近5年99.92%的時間更便宜，共識評等「強烈買入」，目標價3.02新元，隱含36.18%上行空間。

新交所（SGX，S68.SG，-7.16%）收報20.99新元，是當天拖累指數最重的單一個股，盤中一度被指將創下2025年4月以來最大單日百分比跌幅。此次下跌伴隨的是一系列結構性揭露，而非任何財報層面的消息：董事長林國泰表示，若上市公司沒有融資需求、也不揭露增長計畫，「可能需要考慮私有化」；2027年起生效的新規將要求公司加強揭露高管薪酬指標與股息政策；交易所並確認，自10月5日起將把11檔股價高於10新元的個股（包括星展銀行與大華銀行）最低交易單位從100股降至10股，以降低散戶參與門檻。該股現本益比34.59倍，處於合理區間，比過去近1年42.15%的時間更便宜，共識評等「持有」，目標價24.47新元，隱含16.56%上行空間。

一個值得注意的點

週五0.58%的指數跌幅其實掩蓋了當天拋壓的集中程度：新交所與牛奶國際分別下跌7.16%與8.82%，跌幅均是30檔成分股中次深跌幅個股的數倍，而其餘23檔下跌個股多數跌幅不足2%。新交所自身的交易日更是被指將創下2025年4月以來最大單日百分比跌幅——提醒市場，一檔權重較重的個股對指數頭條數字的影響，有時比整體漲跌家數分布所暗示的更大。

本文僅供參考，不構成任何投資建議。