Singapore, Jan 28, 2026, 14:57 SGT — Regular session
- Singtel shares slipped 0.4% in afternoon trading, pulling back after yesterday’s 2.9% gain
- Traders are weighing profit-taking following a fresh record high in Singapore’s benchmark
- Attention shifts to the U.S. Fed’s decision later Wednesday and Singtel’s earnings report on Feb. 18
Shares of Singapore Telecommunications Ltd slipped Wednesday afternoon, retreating after a strong rally the day before as investors processed a surge in local stocks and eyed the U.S. Federal Reserve.
Singtel slipped 0.4% to S$4.57, following Tuesday’s close at S$4.59. The stock traded between S$4.54 and S$4.61.
This move is significant since Singtel tends to trade like a “yield” stock, attractive mainly for its dividends, making it vulnerable to changes in interest rate forecasts. If the Fed stays steady, the appeal holds; a surprise could shake things up.
On Tuesday, Singtel stood out among blue chips as the Straits Times Index surged past 4,900 for the first time, closing at a record 4,923.02. The stock climbed 2.9%, with around 34.3 million shares changing hands, The Business Times reported. CGS International Securities analyst Tay Wee Kuang noted that liquidity inflows into Singapore equities should keep share prices buoyant.
Early selling on Wednesday seemed mostly like profit-taking following the index’s recent climb, as some traders hesitated to take on more risk before major global events. In Asia, sharp currency fluctuations have drawn focus after the dollar’s recent drop, stirring potential shifts in equity bets.
Global markets continued to digest a sharp fall in the U.S. dollar, spurred by concerns over policy moves and fresh questions about the Fed’s independence, Reuters reported in its markets wrap.
Singtel’s narrative remains steady: it’s a staple for local funds and serves as a go-to defensive play in Singapore. As a result, trading flows sometimes move the needle just as much as news does.
Investors are eyeing a firm date: Singtel’s next earnings report drops on Feb. 18. That will bring dividends, capital expenditure, and any updated guidance back into focus.
The setup cuts both ways. Should the Fed turn out more hawkish than anticipated, bond yields might rise, dulling the appeal of dividend-heavy stocks. At the same time, a fresh spike in currency volatility could drive investors toward cash.
Through Wednesday’s session, traders will monitor if Singtel holds steady after slipping from Tuesday’s gains. The Fed’s decision later today is the next major trigger, followed by Singtel’s February 18 earnings report.
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