Singapore Stocks Rally: Top SGX Gainers Today (10 December 2025) and What's Driving Them

Singapore’s stock market traded in a tight range on Wednesday, but beneath the calm headline numbers, a cluster of small- and mid-cap counters on the Singapore Exchange (SGX) posted eye-catching gains.

The benchmark Straits Times Index (STI) opened at 4,512.25 , just 0.02% lower, tracking a mixed session across Asia as investors remained cautious ahead of a key US Federal Reserve rate decision. ^[1]

At the same time, the region’s medium‑term backdrop remains constructive: the Mastercard Economics Institute’s new 2026 outlook, released in Singapore today, projects broadly stable Asia-Pacific growth supported by resilient consumer spending, easing inflation and continued travel demand. ^[2]

Against this macro backdrop, here’s a deep dive into today’s biggest gainers on the Singapore market , and how they fit into the broader outlook for 2026.

Market snapshot: cautious day, strong pockets of outperformance

The STI hovered around the 4,500–4,520 band as traders weighed the Fed’s guidance on the pace of rate cuts heading into 2026. US equities slipped overnight on similar nerves. ^[3]
Regional commentary from Mastercard’s outlook highlights Asia Pacific as a relative bright spot, with GDP in the region expected to hold steady next year even as global growth edges down to 3.1%. ^[4]
Local investing commentary also reflects the tension between record‑high markets and investor nerves: The Smart Investor, in a piece published today, notes that questions like “Can the market still go up in 2026?” often push investors toward short‑term forecasting instead of focusing on the underlying strength of businesses such as OCBC and iFAST. ^[5]

Within this relatively muted index move, however, SGX’s top percentage gainers list was dominated by thinly traded Catalist and micro-cap names experiencing double‑digit price jumps. Data below is based on SGinvestors’ Top Gainers (%) screen as at 13:49 SGT on 10 December 2025 . ^[6]

Top SGX gainers by percentage today

1. Metech International (SGX: V3M) – +64.3% to S$0.046

Metech International was the standout mover, with its share price surging 64.29% to S$0.046 , at the very top of today’s gainers list. Trading volume was tiny—just 300 shares as of the early‑afternoon snapshot—yet that was enough to push the stock from the lower end of its recent range to the upper band of its 52‑week range of S$0.016–0.052 . ^[7]

What the company does

Metech is a small investment holding company with businesses in health supplements, lab-grown diamonds and supply-chain management , alongside legacy electronics-related activities. ^[8]

Recent financial updates show:

Revenue has grown sharply in 1H2025, driven mainly by its newer health-supplements segment, but
The group remains loss‑making and has negative shareholder equity with total liabilities exceeding assets, according to an analysis of its balance sheet. ^[9]

Why the move?

There was no fresh SGX announcement today linked to Metech. However:

SGX RegCo has previously issued a “Trade With Caution” alert on the counter due to concerns over unusual price movements and risk factors. ^[10]
The combination of thin liquidity and speculative trading can easily magnify intraday moves—today’s price jump occurred on volume far below the stock’s three-month average of over 12,000 shares. ^[11]

Takeaway: Today’s spike appears technical and speculative , rather than driven by new fundamentals. For most investors, Metech remains a very high‑risk micro-cap with balance sheet issues and regulator‑flagged risks.

2. Digilife Technologies (SGX:BAI) – +14.8% to S$0,700

Digilife Technologies climbed 14.75% to S$0.70 , placing it second on the percentage gainers list and also among the top dollar gainers due to its relatively higher share price. ^[12]

What the company does

Digilife is a small-cap investment and technology group that has been actively restructuring. Recent filings show:

In November 2025 , the company completed the acquisition of a 51% stake in Brimax AAC Products LLP , expanding into building materials via an Indian lightweight concrete producer. ^[13]
It is also working through the disposal of Bharat IT Services , with the long‑stop date of the sale extended late last month. ^[14]
Interim 1H2025 results show no revenue from continuing operations , with the group still in transition as it exits legacy businesses and reshapes its portfolio. ^[15]

As of 9 December, Digilife’s market capitalization was estimated at around S$8–9 million , reflecting a sharp decline over the past year. ^[16]

Technical analysis from third‑party platforms still flags the stock as being in a downtrend , with the price below major moving averages. ^[17]

Why the move?

There were no new corporate announcements on 10 December . The latest positive catalyst investors are digesting is the completed Brimax acquisition and the ongoing disposal of Bharat IT, which together transform Digilife into a more focused, asset-light holding company with exposure to construction materials.

Given the low free float and modest trading volume, even incremental buying interest can produce double‑digit percentage moves.

Takeaway: Today’s bounce looks like a re‑rating of a deeply sold‑off stock in the middle of a complex restructuring. The underlying business is still in flux, and the stock remains speculative.

3. Shanaya Limited (SGX: SES) – +11.1% to S$0.050

Shanaya, an environmental services and industrial waste management company, rose 11.11% to S$0.05 , moving back toward the middle of its volatile 52‑week band, which stretches from S$0.003 to S$0.080 . ^[18]

Recent corporate developments

Shanaya has been reshaping its asset base throughout 2025:

In September , it completed the disposal of a key industrial property (the “KT Facility”) as part of its capital-recycling strategy. ^[19]
On 21 October , the company terminated a previously proposed share‑subscription agreement, removing a source of potential dilution but also closing off a planned capital infusion. ^[20]
On 10 November , a Shanaya subsidiary signed a binding term sheet to subscribe for shares in KJ Engineering Pte Ltd , indicating a pivot into engineering-related services. ^[21]

Why the move?

No new announcements were filed today, so the gain likely reflects:

Ongoing repositioning of the business after property disposals and deal cancellations.
Bargain hunting in a very low‑priced, thinly traded stock , where even modest orders can move prices sharply. ^[22]

Takeaway: Shanaya is a classic deep‑value/turnaround micro-cap : asset disposals and new ventures could eventually improve its financial profile, but execution risks and volatility remain high.

4. Avarga Ltd (SGX:X5N) – +11.0% to S$2.33

Avarga, an investment holding company with businesses in paper manufacturing and building materials distribution, advanced 10.95% to S$2.33 , making it both a top percentage and dollar gainer. ^[23]

Business profile

Avarga’s activities span:

A paper mill division , manufacturing industrial‑grade paper and trading waste paper.
A wholesale building products business primarily in Canada, the US and overseas markets.
An investment segment that scouts for new opportunities. ^[24]

The stock is tightly held and very thinly traded —SGinvestors’ data shows about 1,100 shares changing hands today between S$2.15 and S$2.33. ^[25]

Why the move?

There were no major fresh headlines today, but several factors may be driving interest:

Investors are increasingly searching beyond blue chips for diversified, cash‑generative businesses that can ride North American construction and renovation demand. ^[26]
Avarga is also benefitting from the broader narrative around small‑cap outperformance in 2025, highlighted by multiple comments on Singapore’s “Next 50” index and non‑STI winners. ^[27]

Takeaway: Avarga’s move is significant in price terms but occurs on very low volume . It’s best interpreted as a sign of renewed interest in overseas‑exposed small caps rather than a broad institutional stampede.

5. First Ship Lease Trust (SGX: D8DU) – +10.8% to S$0.041

First Ship Lease Trust (FSL Trust), a long‑standing shipping trust on SGX, gained 10.81% to S$0.041 , trading between S$0.039 and S$0.042 intraday. ^[28]

FSL Trust has spent years restructuring its fleet and capital structure in a challenging tanker and container shipping environment. While detailed 2025 numbers weren’t in focus today, the trust’s unit price remains near the low end of its multi‑year range, so small shifts in sentiment or yield expectations can translate into double‑digit percentage changes.

Takeaway: Today’s move likely reflects trading interest in a deeply depressed, yield‑oriented shipping name , helped by the broader search for cyclical plays as global trade realigns.

6. AJJ Medtech Holdings (SGX: 584) – +9.1% to S$0.012

AJJ Medtech, a micro-cap medical technology solutions provider, climbed 9.09% to S$0.012 . ^[29]

Business & recent news

AJJ Medtech provides integrated medtech solutions—equipment, consumables and services—to hospitals and healthcare networks in Singapore and the region. ^[30]
In October 2025 , it announced a three-year contract to supply medical consumables to a leading network of Singapore healthcare institutions , reinforcing revenue visibility in its home market. ^[31]
As of 9 December, AJJ’s market cap was around S$18–19 million , underscoring its higher‑risk, micro-cap status. ^[32]

Why the move?

Today’s move likely reflects:

Follow‑through interest in the multi‑year healthcare supply contract , which provides a clearer earnings runway. ^[33]
Ongoing speculative interest in small healthcare names amid structural tailwinds for aging populations and higher healthcare spending in Singapore and ASEAN.

7. Far East Group (SGX: 5TJ) – +8.3% to S$0.105

Far East Group, a specialist in cold‑chain and refrigeration solutions, rose 8.25% to S$0.105 . ^[34]

Business & 2025 highlights

The company manufactures and distributes refrigeration parts and provides engineering solutions for cold rooms and HVAC systems, with its wholesale and distribution segment contributing the bulk of revenue. ^[35]
In October 2025, Far East Group was honored in the LowCarbonSG category of the Singapore Apex Corporate Sustainability Awards, recognizing its efforts to reduce emissions across operations. ^[36]
TradingView data shows its market cap has risen about 28% over the past week , consistent with today’s surge. ^[37]

Why the move?

Investors appear to be rewarding:

A credible sustainability story in a sector critical to food logistics and industrial refrigeration. ^[38]
Relatively low valuation metrics—recent data suggests a single‑digit P/E ratio and modest dividend yield—combined with improving ESG credentials. ^[39]

8–10. Other notable small‑cap gainers

Rounding out the top ten percentage gainers are three ultra‑small counters:

Jadason Enterprises (SGX: J03) – up 7.14% to S$0.015
- Electronics‑related micro-cap involved in printed circuit board equipment, with thin liquidity and minimal recent news flow. ^[40]
TrickleStar (SGX: CYW) – up 6.67% to S$0.032
- Designs and supplies energy‑saving power strips and smart controllers to reduce household and office power consumption. ^[41]
- On 2 December, TrickleStar updated the market on the use of proceeds from a rights issue , signaling ongoing capital-raising and growth funding. ^[42]
Heatec Jietong (SGX: 5OR) – up 5.26% to S$0.040
- A small engineering firm serving the marine and offshore sectors; price action today appears to be driven mainly by short‑term trading interest rather than new corporate news. ^[43]

Common theme: These stocks are illiquid microcaps , where a handful of trades can generate headline-worthy percentage moves. They should generally be viewed as high‑risk trading counters , not core holdings for most investors.

Top dollar gainers: bigger names quietly in play

Looking at SGinvestors’ Top Gainers by absolute dollar change , a different set of names emerges—larger, more established companies that gained smaller percentages but on much higher prices and volumes. ^[44]

Key names include:

iFAST Corporation (SGX: AIY)

Price: S$9.51 , up S$0.21 (+2.26%). ^[45]
The digital wealth platform has been a star performer in 2025 , with assets under administration reaching about S$30 billion as more investors embrace online wealth management. ^[46]
Today’s gain, while modest in percentage terms, reflects ongoing confidence in its scalability and regional growth pipeline.

Singapore Exchange (SGX: S68)

Price: S$16.67 , up to S$0.03. ^[47]
SGX is in focus after confirming there will be no changes to STI constituents in the December 2025 quarterly review, though several mid-caps—such as CapitaLand Ascott Trust and Sheng Siong—are being shuffled on the STI reserve list. ^[48]
Separately, SGX announced rebalancing of the iEdge Singapore Next 50 Index , adding Golden Agri-Resources, YZJ Maritime and Centurion Accommodation REIT—names flagged in today’s “stocks to watch” column in The Business Times. ^[49]

First Resources (SGX: EB5) and Bumitama Agri (SGX: P8Z)

Both plantation groups make the top‑value gainers list, buoyed by renewed interest in palm‑oil plays after a year of volatile commodity prices. ^[50]
Previous market commentary in late October highlighted First Resources’ strong weekly gains as sentiment improved on trade and commodity headlines, and today’s move extends that theme. ^[51]

Financials, REITs and infrastructure plays

Other notable value gainers include:

OCBC (SGX: O39) – trading around record highs after a year in which it strengthened its capital base and returned significant capital to shareholders, as highlighted in today’s Smart Investor outlook piece. ^[52]
Centurion Accommodation REIT (SGX: 8C8U) and NetLink NBN Trust (SGX: CJLU) – yield‑driven vehicles that typically attract investors seeking steady distributions in a still‑uncertain rate environment. ^[53]
MetaOptics (SGX: 9MT) – a newer tech counter which has seen sharp moves in recent months on news of share placements and ambitions to expand exposure to global markets; recent reports also noted the expiration of lock‑up agreements and plans to showcase metals‑based products at CES 2026. ^[54]

Big picture: While the headlines belong to 60%+ movers, the more consequential flows for institutional investors are often in these larger names, where small percentage moves represent meaningful changes in market value.

How today’s SGX gainers fit into the 2026 outlook

Several themes emerge when today’s gainers are viewed against the broader economic and market backdrop:

Micro-cap speculation is alive and well.
Many of the top percentage movers—Metech, Shanaya, AJJ Medtech, TrickleStar—are high‑risk microcaps with uneven earnings and thin liquidity. Their swings say more about trading appetite than about Singapore’s economic direction.
Energy efficiency, cold chain and sustainability have tailwinds.
TrickleStar’s energy‑saving devices and Far East Group’s cold‑chain solutions align with policy and corporate focus on carbon reduction and efficiency . Recognition such as Far East Group’s LowCarbonSG award reinforces this tilt. ^[55]
Digital finance and infrastructure remain structural winners.
Names like iFAST, SGX, NetLink NBN Trust and OCBC are central to Singapore’s role as a financial and digital hub. Commentary from The Smart Investor emphasizes that businesses such as OCBC and iFAST are executing on long‑term strategies rather than trading on calendar‑year predictions. ^[56]
Asia-Pacific resilience supports Singapore equities.
Mastercard’s 2026 outlook underscores steady regional growth , boosted by easing inflation, supportive monetary policy and resilient consumer spending—especially on services and travel, where Singapore is a key beneficiary. ^[57]

In short, today’s gainers list is a barometer of risk appetite : speculative microcaps are moving on thin volume, while bigger, fundamentally stronger names are quietly inching higher, supported by a favorable regional outlook.

Risks to watch: Fed, tariffs and micro-cap volatility

Even with a supportive regional narrative, investors should keep several risks in view:

Fed and global rates: A more hawkish-than-expected Fed stance could re‑price global risk assets and weigh on yield‑sensitive sectors like REITs and high‑dividend stocks. Today’s muted index action already reflects some of that caution. ^[58]
Tariff and supply‑chain shifts: Mastercard’s outlook notes that 2025 tariff changes are still playing out, with global trade flows reorganizing and uneven impacts across exporters and importers. ^[59]
Micro-cap governance and liquidity: SGX RegCo’s “Trade With Caution” alerts—such as the one on Metech International—are reminders that some of today’s biggest movers come with heightened governance, disclosure and liquidity risks . ^[60]

How investors might use today’s top gainers list

For readers tracking Singapore stocks via Google News or Discover, today’s gainers list can be useful in a few ways:

As a watchlist generator – highlighting sectors and names seeing fresh attention (medtech, energy efficiency, cold chain, small‑cap industrials).
As a sentiment gauge – heavy activity in speculative microcaps can signal risk‑on trading, while sustained interest in financials, REITs and infrastructure suggests a preference for quality and income.
As a prompt for deeper research – especially into mid‑caps like Far East Group, Avarga, and First Resources, which sit between blue‑chip stability and micro-cap volatility.

However, this information is not investment advice . Prices can move sharply in both directions—particularly in the smallest counters—and investors should always conduct their own due diligence, examining business models, balance sheets, cash flows and governance before committing capital.