Singapore Stocks Today: Biggest SGX Gainers on 9 December 2025 as Traders Brace for Fed Rate Cut

Singapore’s stock market opened cautiously higher on Tuesday, 9 December 2025, with traders hunting for short‑term winners even as global sentiment stays nervy ahead of this week’s US Federal Reserve decision. Early in the session, a mix of speculative penny stocks, offshore & marine names and quality blue chips emerged among the biggest stock gainers on the Singapore Exchange (SGX). ^[1]

Below is a detailed, news‑driven look at today’s top movers on SGX, why they’re rallying, and what they might be signalling about the broader Singapore stock market outlook for 2026.

Market snapshot: STI edges up after three days of losses

Singapore’s Straits Times Index (STI) had just come off three straight losing sessions, slipping about 1.2% and ending Monday at 4,507.08. ^[2]

On Tuesday morning:

The STI opened up around 0.06% at 4,509.77, according to market coverage, as investors weighed the high probability of a quarter‑point Fed rate cut later this week. ^[3]
Market breadth at the open was positive, with advancers outnumbering decliners, and trading activity focused on banks, property counters and a cluster of smaller caps. ^[4]

In other words, the broader market tone is cautiously constructive: investors are still deploying capital, but are highly sensitive to rate expectations and global risk sentiment.

At a glance: biggest stock gainers on SGX today (morning trade)

Based on SGX intraday data compiled by SGinvestors, the top percentage gainers as of around 10:30am SGT were dominated by low‑priced micro‑caps and small caps, while the top dollar gainers included more established names in tech, financials and offshore & marine. ^[5]

Top percentage gainers (micro‑caps & small caps)

Among the most eye‑catching early movers:

Southern Archipelago (A33) – roughly +100% intraday
A tiny sterilisation and polymerisation services provider whose share price effectively doubled on thin volumes. There has been no fresh SGX announcement in recent weeks; the latest filings date back to its FY2024 results and AGM documentation in 1H 2025, suggesting today’s spike is driven more by speculative trading than new fundamentals. ^[6]
Autagco (1D3) – around +50%
A micro‑cap F&B and lifestyle group best known for brands such as Superfood Kitchen and The Green Bar. Its financials show small revenue and ongoing losses, making it a highly speculative play where small absolute moves translate into large percentage swings. ^[7]
Asiatic Group (Holdings) (5CR) – roughly +30%
A penny‑stock energy and engineering group; no major new announcement has hit SGX today, again pointing to speculative flows rather than a fundamental catalyst.
Eindec (42Z) and Nippecraft (N32) – double‑digit percentage gains
Both are small industrial/consumer names, each trading below S$0.10–S$0.05. With such low absolute prices, a move of just a few cents pushes percentage gains into the double‑digit range.
AsiaPhos, OxPay Financial and Hatten Land also appeared among the notable percentage gainers, with single‑digit cent share prices amplifying percentage moves. ^[8]

Key takeaway:
The top of the percentage leaderboard is crowded with illiquid micro‑caps, where:

Corporate news flow is minimal or dated. ^[9]
A single large buy order can dramatically shift prices.
These counters are high‑risk and volatile, often more suited to speculative traders than long‑term investors.

Top dollar gainers (larger, more established names)

On the top dollar gainers list – which tracks absolute price increase rather than percentage gain – the picture looks more institutional:

Azeus Systems (BBW) – mid‑cap tech & IT services
Azeus has been a quiet multi‑year winner; FY2025 earnings showed EPS almost doubling year‑on‑year (HK$5.57 vs HK$2.83 in FY2024), reflecting strong digital transformation demand from government and enterprise clients. ^[10]
Prudential PLC (K6S) – regional insurance heavyweight
The London‑listed, Asia‑focused insurer saw modest gains in its SGD‑traded line, contributing meaningfully to total dollar value traded among gainers.
Oversea‑Chinese Banking Corporation – OCBC (O39)
OCBC shares added to their recent resilience after Monday’s dip, with renewed attention on the bank following fresh news of its mezzanine investment into a US$1.5b low‑carbon steel project in Sabah. ^[11]
Bukit Sembawang Estates (B61) – property developer
The stock enjoyed a decent uptick, supported by ongoing interest in Singapore residential exposure even as government land supply for private housing remains tight. ^[12]
MetaOptics (9MT)
The recently‑listed metalens and photonics specialist showed another positive session, continuing a powerful trend after its September IPO and early‑December share placement. ^[13]

While the percentage board is speculative, the dollar‑gainers board is telling you where larger pools of capital are actually moving.

Stand‑out stories among today’s biggest gainers

Let’s zoom in on a few names where the rally is grounded in clear, recent news or fundamental shifts, rather than pure penny‑stock momentum.

1. Marco Polo Marine (5LY): Offshore & marine star riding a 170% profit surge

Why it’s up:
Marco Polo Marine continued to ride strong positive sentiment after a series of blockbuster announcements:

FY2025 net profit attributable to shareholders surged about 170% to S$58.5 million, driven by improved margins and extraordinary gains. ^[14]
The company secured a S$198 million contract to build an oceanographic research vessel for Taiwan’s National Academy of Marine Research – its largest newbuild order to date. ^[15]
Brokers and market commentators note that the stock has delivered roughly +200% returns in 2H 2025 on the back of strong chartering rates, expanding shipbuilding order books and rising offshore wind activity. ^[16]

As of this morning, Marco Polo was among the top percentage gainers, adding another mid‑single‑digit percentage jump on heavy volume, following weeks of steady accumulation. ^[17]

What analysts say:
Sector research highlighted Marco Polo Marine as one of the top offshore & marine picks, alongside Seatrium, noting “strong earnings momentum amid rising charter rates and expanding orderbooks.” ^[18]

Investor angle:

Positives: powerful earnings upgrade cycle, record contracts, and supportive sector backdrop (offshore/renewables capex is picking up). ^[19]
Risks: a big part of earnings jump came from one‑off reversals; shipbuilding and chartering are cyclical; and the stock has already re‑rated significantly in recent months.

2. GDS Global (5VP): Placement & “very substantial acquisition” fuel re‑rating

Why it’s up:
GDS Global, a provider of industrial door and shutter systems, has been a recurring feature on the top‑gainers list since the start of December. Today’s move – roughly +9% in morning trade – extends this momentum. ^[20]

The rally is anchored in a series of major corporate announcements on 1–2 December:

A proposed very substantial acquisition (VSA) of Asiabuild Metal Engineering and Integrated Aluminium, significantly expanding and diversifying its business. ^[21]
A proposed diversification of business beyond its traditional doors and shutters, positioning GDS to ride broader construction and infrastructure cycles. ^[22]
A placement of up to 60 million new shares at S$0.068 each, raising up to S$4.08 million to fund growth. ^[23]
Trading halt and subsequent lifting, which often catalyse renewed price discovery as investors digest the deal. ^[24]

Investor angle:

Short‑term, traders are betting that the enlarged group will scale earnings and improve liquidity, justifying a higher valuation multiple.
Longer‑term investors will want to scrutinise execution risk around the acquisition, integration and dilution from the placement.

3. MetaOptics (9MT): New‑economy IPO that refuses to cool off

Why it’s up:
MetaOptics, which specialises in metalens and advanced photonics solutions, is becoming one of SGX’s flagship growth listings:

It listed on Catalist in September 2025 and saw its share price jump about 25% on debut, closing at S$0.24 versus the S$0.20 issue price. ^[25]
Since listing, the stock has rallied several hundred percent, hitting an all‑time high of S$1.25 on 4 December 2025. ^[26]
On 1 December, MetaOptics announced a strategic share placement to institutional investors to fund capacity expansion and support its global rollout. ^[27]

Today’s further gain – though modest in percentage terms compared with recent weeks – keeps MetaOptics on the top‑gainers radar, particularly on the top dollar gainers list, because of its much higher absolute share price versus penny stocks. ^[28]

Investor angle:

Positives: high‑growth niche, strong demand signals, and institutional interest via placements.
Risks: valuation is rich after a massive run‑up, and execution in deep‑tech manufacturing is complex. This is firmly in high‑risk, high‑reward territory.

4. Azeus Systems (BBW): Quiet compounder still attracting long‑term capital

Though not grabbing headlines with triple‑digit intraday moves, Azeus Systems stands out among today’s top dollar gainers as a fundamentally robust story:

FY2025 results showed EPS almost doubling versus FY2024, underscoring sustained demand for its government and enterprise IT solutions. ^[29]
Liquidity is relatively thin, so even moderate institutional buying can translate into noticeable price gains.

For investors looking beyond penny‑stock spikes, Azeus is an example of a quality, cash‑generative mid‑cap that continues to participate in the market’s upside without the same binary risk profile as many micro‑caps.

Big picture: what today’s gainers say about Singapore’s 2026 outlook

Today’s leaderboard doesn’t exist in a vacuum. It sits on top of several structural tailwinds for the Singapore market that strategists and policymakers have been emphasising.

1. MAS liquidity support via EQDP

Singapore’s Monetary Authority (MAS) is actively trying to revitalise the equity market:

Under the Equity Market Development Programme (EQDP), MAS plans to deploy S$5 billion into Singapore equities via local asset managers.
In July 2025, MAS announced an initial S$1.1 billion allocation to three managers – Avanda, JP Morgan Asset Management and Fullerton – explicitly to channel funds into Singapore‑listed stocks, including beyond the large‑cap STI names. ^[30]

This programme is already boosting interest in small and mid‑caps, which helps explain why many SMIDs – including offshore & marine (Marco Polo Marine), industrials (GDS Global) and selected REITs – have seen a re‑rating and higher trading volumes in 2H 2025. ^[31]

2. Strategists remain positive on Singapore equities for 2026

Both sell‑side strategists and local banks are constructively positioned on Singapore stocks going into 2026:

A December strategy piece highlighted that analysts “remain positive on the Singapore market in 2026F”, citing the EQDP liquidity wave, forecast market earnings growth of about 8.5% year‑on‑year, and a focus on return on equity and shareholder payouts in a lower‑rate environment. ^[32]
OCBC Investment Research calls Singapore one of its preferred markets in Asia ex‑Japan, maintaining an overweight stance. It argues that, despite strong 2025 gains, the STI still doesn’t look expensive on earnings, with domestic interest rates having fallen sharply – a boon for blue chips and REITs offering dividend yields just under 5%. ^[33]

Today’s action – where offshore & marine names, small‑cap industrials and selected financials lead the gainers – fits neatly into the themes strategists are pushing:

EQDP liquidity beneficiaries – SMIDs and Next‑50 names that were previously overlooked. ^[34]
M&A and restructuring plays – such as GDS Global’s proposed acquisition and diversification, or ongoing corporate actions across mid‑caps. ^[35]
“Dark horses” or laggards – micro‑caps that can spike sharply when attention returns, though not all will have lasting fundamental support. ^[36]

3. Policy & macro backdrop remain supportive

Beyond EQDP and strategist views, the macro backdrop is benign:

The Monetary Authority of Singapore has reaffirmed that its current monetary stance remains appropriate, with the output gap expected to normalise in 2026 – signalling stability rather than policy stress. ^[37]
Singapore’s banks and wealth managers (including OCBC and its private bank, Bank of Singapore) are investing heavily to grow assets under management, reinforcing the city’s position as a regional financial hub and indirectly supporting capital market activity. ^[38]

How to read “biggest gainers” as an investor

Days like today, where the top percentage gainers are mainly micro‑caps, can be exciting – but they’re also a good test of discipline.

1. Percentage vs dollar gainers

Percentage gainers
- Pros: reveal where speculative interest and momentum are strongest.
- Cons: dominated by low‑priced, illiquid counters where fundamentals may not support the move. A single trade at S$0.002 instead of S$0.001 is a +100% move on paper.
Dollar gainers
- Pros: show where real money and larger tickets are flowing – typically mid‑caps and blue chips.
- Today, that includes Azeus Systems, Prudential, OCBC and MetaOptics, all of which have tangible earnings stories or strategic news behind them. ^[39]

A balanced approach is to treat the percentage board as a watchlist and the dollar board as a shortlist for deeper research.

2. Look for a news or fundamental anchor

Before you chase any of today’s big movers, ask:

Is there fresh news?
- For Marco Polo Marine and GDS Global, the answer is clearly “yes” – new contracts, results and acquisitions are driving the re‑rating. ^[40]
- For Southern Archipelago or Autagco, recent SGX announcements are sparse; these may be trading‑driven surges with no clear fundamental anchor. ^[41]
Is the move part of a trend or a one‑day spike?
- Marco Polo Marine’s +200% move in 2H 2025 and MetaOptics’ multi‑month run show sustained trends tied to earnings and growth narratives. ^[42]
- A lonely 50–100% spike on tiny volume is more likely to mean‑revert.
How does valuation look after the move?
- Strategists may be “positive on Singapore equities” at the index level, but individual stocks – especially hot small caps – can still be overvalued after steep runs.

3. Remember the risks

Even OCBC’s own research note on Singapore equities highlights the key risks: smaller companies can be harder to trade, equity markets can decline sharply, and dividend growth isn’t guaranteed. ^[43]

For individual investors, that translates into a few simple rules of thumb:

Don’t deploy money you can’t afford to lose into thinly traded penny stocks, no matter how big today’s gain looks.
Use days like this mostly for idea generation, then move to proper due diligence – reading SGX filings, broker reports, and company presentations – before committing capital.
Diversify across quality blue chips, income‑generating REITs and a select basket of growth names, instead of concentrating solely in speculative gainers.

Bottom line

On 9 December 2025, Singapore’s biggest stock gainers paint a familiar but important picture:

Speculative micro‑caps like Southern Archipelago, Autagco and other penny names dominate the percentage leaderboard.
Fundamentally improving stories – notably Marco Polo Marine, GDS Global, Azeus Systems and MetaOptics – are attracting sustained interest, often supported by earnings upgrades, contracts and corporate actions. ^[44]
Strategists and policymakers remain upbeat on the Singapore market’s 2026 outlook, thanks to MAS’s EQDP flows, lower rates, attractive valuations and a renewed push to deepen equity market participation. ^[45]

For traders, today is an opportunity‑rich session.
For long‑term investors, it’s a reminder to separate signal from noise: focus on gainers with real earnings power and durable competitive advantages, not just the ones with the biggest percentage print on the board.