Most Active Singapore Stocks Today (9 December 2025): Marco Polo Marine, Genting Singapore, Singtel and REITs Dominate SGX Turnover

Singapore’s stock market spent Tuesday trading in a tight range ahead of a key US Federal Reserve decision, but activity under the surface was anything but quiet. While the Straits Times Index (STI) hovered just above the 4,500 mark after closing at 4,507.08 on Monday, traders rotated heavily into offshore & marine plays, gaming, telco blue chips and yield-focused REITs. ^[1]

Below is a news-style wrap of the most active Singapore stocks today (9 December 2025), along with the latest forecasts and analyst commentary being watched by market participants.

Singapore Stock Market Today: Calm Index, Busy Order Books

After a 0.5% drop on Monday, the STI opened slightly higher on Tuesday around 4,509 points, with sentiment constrained by caution ahead of the Fed’s final rate decision of the year. ^[2]

Global strategists still see Singapore as one of Asia’s more attractive markets. Earlier this year, JP Morgan upgraded Singapore equities to “overweight”, citing undemanding valuations, strong dividends and structural reforms that should support earnings into 2026. ^[3]

Within that backdrop, today’s most traded names on SGX split into two clear groups:

High‑volume small and mid caps – notably Marco Polo Marine, OxPay, Aoxin Q & M, GDS Global and Rex International. ^[4]
Heavily traded blue chips – DBS, SIA, Sheng Siong, OCBC, UOB, ST Engineering, Sembcorp Industries, Singtel, ComfortDelGro and SGX. ^[5]

Most Active SGX Stocks by Shares Traded (9 December 2025)

Based on live data from Investing.com’s “Most Active – Singapore Stocks” screen this afternoon, the top counters by share volume on 9 December 2025 were: ^[6]

Marco Polo Marine Ltd (SGX: 5LY) – around S$0.149, up about 7%, with >66 million shares traded.
Genting Singapore Ltd (SGX: G13) – about S$0.735, flat on the day, with ~12.6 million shares traded.
OxPay Financial Ltd – around S$0.054, up nearly 4%, with >8 million shares changing hands.
Aoxin Q & M Dental Group – roughly S$0.075, up more than 5%, on ~5.9 million shares.
CapitaLand Integrated Commercial Trust (CICT, SGX: C38U) – around S$2.30, up 0.4%, on >5.5 million units.
Singapore Telecommunications Ltd (Singtel, SGX: Z74) – roughly S$4.61, up about 1.1%, with ~5.3 million shares traded.
GDS Global – about S$0.084, up over 9%, with ~4.3 million shares.
Yangzijiang Financial Holding (SGX: YF8) – around S$0.45, flat, on ~3.5 million shares.
CapitaLand Ascendas REIT (SGX: A17U) – roughly S$2.77, up 0.7%, on ~3.5 million units.
Rex International Holding Ltd (SGX: 5WH) – about S$0.148, up around 1–2%, on >3.4 million shares.

These numbers highlight a clear theme: offshore & marine, gaming, telco and REITs are where traders clustered today.

Most Active Blue Chips by Trading Interest

On Moomoo’s SGX ranking by volume and “popularity”, large‑cap financials and defensives also saw strong flows. As of late morning, the top high‑profile, high‑volume names included: ^[7]

DBS Group (SGX: D05) – around S$54.05, modestly higher.
Singapore Airlines (SIA, SGX: C6L) – about S$6.33, slightly up.
Sheng Siong (SGX: OV8) – S$2.60, up about 1.2%.
OCBC (SGX: O39) – S$18.83, up around 0.5%.
UOB (SGX: U11) – S$34.29, mildly lower.
ST Engineering (SGX: S63) – S$8.23, up roughly 0.5%.
Sembcorp Industries (SGX: U96) – S$5.89, slightly in the red.
Singtel (SGX: Z74) – S$4.61, up 1.1%.
ComfortDelGro (SGX: C52) – S$1.42, flat.
Singapore Exchange (SGX: S68) – S$16.66, down about 0.3%.

So while penny stocks dominate share count, banks, transport, industrials and telco still dominate trading value.

Stock‑by‑Stock: What’s Driving Today’s Most Active Counters?

1. Offshore & Marine in Focus: Marco Polo Marine and Seatrium

Marco Polo Marine (SGX: 5LY) was the single most actively traded counter by volume today, rallying about 7% with more than 66 million shares changing hands. ^[8]

Two big drivers are in play:

Largest‑ever shipbuilding contract & higher targets
In November, Marco Polo Marine announced a S$198 million contract to build an advanced oceanographic research vessel for Taiwan’s National Academy of Marine Research. Analysts at Maybank, CGS International, UOB Kay Hian and RHB all reiterated “buy/add” calls and raised target prices into the 12–14 cents range, citing stronger earnings visibility through 2029. ^[9]
Sector upgrade & new top‑pick status today
In a fresh 9 December 2025 note, UOB Kay Hian maintained an “overweight” call on the offshore & marine (O&M) sector, naming Seatrium (SGX: 5E2) and Marco Polo Marine as its top picks. The brokers highlight stronger rig utilisation, day rates recovering to pre‑2017 levels, and robust oil demand forecasts from the US EIA through 2026. ^[10]

Consensus numbers reflect that optimism. Third‑party data compiled by Beansprout and other platforms show 12‑month target prices in the low‑ to high‑teens cents, implying double‑digit upside from current levels, though small‑cap O&M stocks remain volatile. ^[11]

Seatrium (SGX: 5E2), while not in the absolute top‑10 by share volume today, also saw solid turnover and remains a key institutional trade. Consensus estimates compiled by Beansprout put Seatrium’s target price at S$2.67, suggesting about 27% upside from today’s ~S$2.10 level. ^[12]

UOB Kay Hian argues that Seatrium’s recent bp “Tiber” floating production unit (FPU) win, along with projects such as the Coral Norte FLNG and Exxon’s Hammerhead, supports a multi‑year upcycle in complex offshore projects. ^[13]

Takeaway:
Heavy trading in Marco Polo Marine and interest in Seatrium point to renewed risk appetite for cyclical O&M plays, helped by higher oil demand forecasts and strong contract pipelines.

2. Genting Singapore: Rating Downgrade Meets Bullish Targets

Genting Singapore (SGX: G13) was the second most active stock by volume, trading flat at around S$0.735 but with over 12 million shares changing hands. ^[14]

The stock is digesting a high‑profile credit rating downgrade:

On 8 December 2025, Moody’s downgraded Genting Berhad and Genting Singapore one notch (Genting Singapore to Baa1 from A3) with a stable outlook. ^[15]
The move reflects higher leverage at the parent due to a US$1.6 billion bid for Genting Malaysia and heavy capex tied to a potential New York casino license, plus S$6.8 billion of expansion capex at Resorts World Sentosa (RWS) that is expected to peak around 2027–2028. ^[16]

Yet equity analysts remain broadly constructive:

Beansprout data shows consensus 12‑month target price of S$0.953, implying about 30% upside from today’s S$0.735. ^[17]
Major houses like DBS, Maybank, OCBC and UOB Kay Hian all maintain “buy/add” calls with targets mainly between S$0.90 and S$1.05, citing RWS expansion, tourism recovery and stable Singapore gaming regulation as key supports. ^[18]

Takeaway:
High volume in Genting Singapore today reflects a tug‑of‑war between rating‑driven credit concerns and equity analysts’ upbeat view on medium‑term earnings from RWS and potential US expansion.

3. Singtel: Dividend Payout Day and Data‑Centre Story

Singtel (SGX: Z74) was among the most active stocks by both volume and value, trading around S$4.58–4.61, up roughly 0.5–1.1%. ^[19]

Today is a key date for income investors:

Singtel’s board previously approved an interim ordinary dividend of 8.2 cents per share for the half‑year ended 30 September 2025 – split into a 6.4‑cent core dividend and a 1.8‑cent “value realisation” dividend. ^[20]
That dividend is payable today, 9 December 2025, totalling about S$1.35 billion returned to shareholders. ^[21]

Earnings momentum has also helped:

For H1 FY2026, Singtel reported net profit of S$3.4 billion, with underlying profit up around 14% year‑on‑year, helped by regional associates and Optus. ^[22]
Management reiterated a S$9 billion asset‑recycling programme, with proceeds being redeployed into growth areas like digital infrastructure and data centres. ^[23]

On the forecast side, Beansprout estimates:

Consensus target price: S$5.21, implying about 13.8% upside from today’s ~S$4.58 share price. ^[24]

Multiple research houses have highlighted Singtel as a “blue‑chip reopening and infrastructure” play, with upside driven by:

Data‑centre and cloud demand in the region,
Rising dividends under a consistent capital‑return framework, and
Continued monetisation of non‑core assets.

Takeaway:
Today’s strong turnover reflects dividend‑driven flows, plus investors positioning for defensive earnings and digital‑infrastructure growth into 2026.

4. Yield Plays: CICT and CapitaLand Ascendas REIT

REITs also featured heavily among the most‑traded counters.

CapitaLand Integrated Commercial Trust (CICT, SGX: C38U)

CICT – Singapore’s largest listed REIT – traded around S$2.30, up roughly 0.4%, with more than 5.5 million units changing hands. ^[25]

Key points investors are watching:

Consensus target price of S$2.63 as of 9 December 2025 (Beansprout), implying about 14% potential upside. ^[26]
A forward dividend per unit of around S$0.11 projected for 2025, with a forward yield in the mid‑single digits depending on pricing. ^[27]
An earlier CapitaSpring transaction, where CICT moved to acquire the remaining 55% stake in the 51‑storey Grade A office & retail tower in the CBD for about S$1.05 billion, is expected to modestly lift distributable income while deepening exposure to Singapore offices. ^[28]

CapitaLand Ascendas REIT (SGX: A17U)

Ascendas REIT saw heavy turnover, trading around S$2.77, up about 0.7%. ^[29]

Drivers include:

A consensus target price of S$2.67 on some platforms, and around S$2.80–3.00 among major brokers, implying mild upside from current levels. ^[30]
An attractive dividend yield of about 5.4–5.6% on a trailing basis, placing it among the higher yielding large‑cap S‑REITs. ^[31]
A May 2025 announcement of two new acquisitions – a data centre and a premium business park – for around S$700 million, which are both fully leased and seen as strengthening Ascendas’ positioning in new‑economy assets. ^[32]

Takeaway:
Elevated trading in CICT and Ascendas REIT suggests investors are still comfortable accumulating high‑quality, Singapore‑centric REITs, especially with Fed cuts expected in 2026 and yields still attractive versus cash.

5. Other Notable Actives: Sheng Siong, NetLink, ComfortDelGro and Rex International

Beyond the headline names, several other defensive and cyclical plays drew interest:

Sheng Siong (SGX: OV8) – Among the top blue‑chips by volume, the supermarket chain traded around S$2.60, up about 1.2%. Its stable earnings and dividends keep it a staple defensive holding. ^[33]
NetLink NBN Trust (SGX: CJLU) – Appearing in both Moomoo and Investing.com actives lists, NetLink traded near S$0.95, reflecting steady demand for its regulated fibre‑network cash flows. ^[34]
ComfortDelGro (SGX: C52) – Around S$1.42, flat on the day but still in the top‑10 most active blue chips, as investors watch ridership trends and public‑transport contract renewals. ^[35]
Rex International (SGX: 5WH) – A smaller oil producer, Rex traded about 1–2% higher near S$0.148, with over 3 million shares traded. It tends to move with oil price volatility and sentiment toward smaller upstream E&P firms. ^[36]
OxPay, Aoxin Q & M, GDS Global – These smaller‑cap financial, healthcare and industrial names each saw multi‑million share volumes and strong percentage moves, illustrating how retail traders continue to hunt for higher‑beta short‑term trades. ^[37]

What Today’s Most Active Stocks Say About Market Sentiment

Put together, today’s flows paint a three‑layered picture of Singapore investor sentiment:

Cyclical optimism in energy and O&M
- Strong interest in Marco Polo Marine and Seatrium shows investors are willing to bet on a multi‑year offshore & marine upcycle, supported by rising rig day rates and resilient oil demand forecasts into 2026. ^[38]
Selective risk‑taking in gaming and small caps
- Genting Singapore’s heavy volume despite a Moody’s downgrade suggests investors are willing to separate credit‑rating headlines from equity upside tied to RWS expansion and tourism trends, provided valuations stay supportive. ^[39]
- In micro‑caps like OxPay or GDS Global, high volumes and big swings indicate ongoing retail trading activity and momentum‑driven strategies.
Persistent demand for yield and defensiveness
- Sustained interest in CICT, Ascendas REIT, NetLink, Sheng Siong and Singtel shows that investors still value stable dividends and defensive cash flows, even as markets flirt with record highs. ^[40]

Key Catalysts to Watch After 9 December 2025

Looking ahead, traders in today’s most active SGX names will be watching:

Fed decision & rate path – A dovish tone could further support REITs, telcos and banks by lowering long‑term yields and funding costs. ^[41]
Oil prices and offshore project awards – These will remain crucial for Seatrium, Marco Polo Marine, Rex International and other O&M names. ^[42]
Tourism and gaming demand – Genting Singapore’s trajectory will hinge on visitor volumes at Resorts World Sentosa, progress on its multi‑billion‑dollar expansion and any further rating actions. ^[43]
Dividend and capital‑return policies – For Singtel, CICT, Ascendas REIT and NetLink, investors will track how aggressively managements can maintain or grow payouts into a potentially easier rate environment. ^[44]

Final Word

Today’s most active Singapore stocks show a market that is balanced between growth and income, with:

Traders piling into offshore & marine cyclicals on a brighter multi‑year outlook;
Investors digesting credit headlines while still eyeing upside in Genting Singapore;
Income‑seekers rotating into Singtel and large REITs on attractive dividends and supportive consensus targets.