SINGAPORE — 8 December 2025
Singapore’s stock market is ending the year in buoyant mood. The Straits Times Index (STI) hovered around 4,520 points, just shy of its recent record high near 4,576 and roughly 19% higher than a year ago, as investors continue rotating from cash into equities on expectations of further global rate cuts. TechStock²
Lower government bond yields and softer deposit rates — many now under 1.5% — are pushing yield‑hungry investors toward dividend stocks and REITs, while global markets brace for another potential US Federal Reserve rate cut this week. TechStock²
Against that backdrop, today’s biggest gainers on the Singapore Exchange (SGX) were a mix of speculative penny counters, real‑estate developers and a handful of more established mid‑caps. Below is a breakdown of the day’s standout movers, why they jumped, and what the latest forecasts and analysis are signalling.
Singapore stock market today: risk appetite stays firm
- STI around 4,520: According to market data compiled by TechStock², the benchmark closed at 4,520.40 today, just below its recent high and firmly in an uptrend over the past 12 months. TechStock²
- Rates drifting lower: The 10‑year Singapore government bond yield has slid from about 2.86% in January to just over 2% in late November, while six‑month T‑bills and fixed deposits now yield below 1.5%. TechStock²
- Policy backdrop: The Monetary Authority of Singapore (MAS) characterises domestic financial conditions as “mildly supportive”, with easing borrowing costs and ongoing credit growth helping risk assets. TechStock²
Analysts writing today highlight blue‑chip banks DBS (D05) and OCBC (O39), the Singapore Exchange (S68) and quality REITs such as CapitaLand Ascendas REIT (CLAR) and Keppel REIT (K71U) as key beneficiaries of a lower‑rate world and improving risk sentiment. TechStock²
Top percentage gainers on SGX today (8 December 2025)
Based on SGX market data compiled by SGinvestors, the 25 biggest percentage gainers on Monday were led by thinly traded penny stocks where a one‑tick move can translate into double‑digit percentage swings. [1]
Top 10 percentage gainers by close:
- Clearbridge Health (1H3) – S$0.002, +100.0%
- Hoe Leong Corporation (H20) – S$0.002, +100.0%
- GCCP Resources (41T) – S$0.004, +33.3%
- Oceanus Group (579) – S$0.005, +25.0%
- Amcorp Global (S9B) – S$0.116, +22.1%
- Miyoshi (M03) – S$0.006, +20.0%
- Eindec Corporation (42Z) – S$0.035, +12.9%
- The Trendlines Group (42T) – S$0.077, +11.6%
- AsiaPhos (5WV) – S$0.010, +11.1%
- Figtree Holdings (5F4) – S$0.041, +10.8% [2]
Below we dig into the most notable names and what recent news and analysis suggest.
Clearbridge Health (1H3): micro‑cap healthcare play doubles on thin volume
Move today: Clearbridge Health’s share price doubled from S$0.001 to S$0.002, making it the top gainer on the SGX by percentage. [3]
What the company does: Clearbridge is a Catalist‑listed healthcare group focused on clinical diagnostics and medical services in Asia. [4]
Recent news & forecasts
- In early November, the company announced the launch of an adult immune cell banking business targeting Southeast Asia and Hong Kong — an expansion into regenerative‑medicine‑adjacent services. [5]
- Market data from Investing.com shows the stock trading in a 52‑week range of S$0.001 to S$0.007, underscoring how depressed the share price has been prior to today’s bounce. [6]
There were no widely reported fresh corporate developments today, suggesting the move was driven mainly by speculative interest and the fact that a single tick up from S$0.001 to S$0.002 translates into a 100% gain for such penny counters. Traders should note that liquidity remains very low and price swings can easily reverse.
Hoe Leong Corporation (H20): heavy‑equipment parts supplier spikes 100%
Move today: Hoe Leong, another sub‑S$0.01 counter, matched Clearbridge with a 100% jump to S$0.002, on about 501,000 shares traded — well below its three‑month average but enough to lift it to second place on the percentage‑gainers list. [7]
Business profile: Hoe Leong designs, manufactures and distributes undercarriage parts and other components for heavy equipment such as bulldozers and excavators, selling under in‑house brands like KBJ and MIZU, with customers across Australia, North America, Asia and Europe. [8]
No new SGX announcements or major news flow were visible today. Given the tiny absolute share price, relatively small trades can produce outsized percentage gains. Investors considering the stock should understand it is highly speculative and illiquid.
GCCP Resources (41T): loss‑making limestone producer in the spotlight
Move today: GCCP Resources advanced 33.3% to S$0.004, extending a modest rebound from sub‑S$0.01 levels. [9]
Business & fundamentals
- The company operates marble and limestone quarries in Malaysia and supplies crushed stone and related products. [10]
- Its unaudited 3QFY2025 results released on 10 November showed the group still loss‑making, with revenue lower year‑on‑year but gross losses and expenses somewhat contained versus the prior year. [11]
Today’s pop looks more like a technical rebound in a deeply discounted, loss‑making stock than a reaction to new fundamentals. Any reversal in sentiment could see the price snap back quickly.
Oceanus Group (579): volatile turnaround story remains high‑risk
Move today: Integrated seafood and lifestyle group Oceanus jumped 25.0% to S$0.005, making it the fourth‑biggest percentage gainer. [12]
Recent technical view: A technical note from StockInvest last Friday (5 December) flagged that Oceanus had already gained 33.3% that day, but remained in a wide, falling short‑term trend with very high volatility and thin volume. The site projected a potential 3‑month decline unless the price can sustain a break above longer‑term moving averages. [13]
Business developments: Oceanus has been trying to diversify from its legacy abalone business into food distribution, events and experiential concepts; the company is behind the “World Christmas Market” / “Togetherland” event at Marina Bay this December. [14]
Today’s surge likely reflects short‑term trading in a high‑beta penny stock rather than a decisive change in fundamentals.
Amcorp Global (S9B): property developer rallies after recent results
Move today:Amcorp Global jumped 22.1% to S$0.116, ranking fifth among percentage gainers and also appearing on the top dollar‑gainers list. [15]
Business & fundamentals
- Amcorp is an investment holding company and regional real‑estate developer, undertaking residential, commercial and industrial projects and investing in properties across Singapore, Malaysia and Vietnam. [16]
- StockAnalysis data puts its trailing twelve‑month revenue at about S$5.9 million with net profit around S$4.7 million, implying a single‑digit price‑earnings multiple at current levels. [17]
- SGinvestors notes that the stock released half‑year results on 7 November and today’s close at S$0.116 was achieved on a relatively modest volume, underlining how small flows can move the price. [18]
Chart‑based platforms such as TradingView currently classify the stock as technically strong in the very short term, but fundamentals remain those of a small, cyclical property developer, making the name sensitive to interest‑rate and housing‑demand trends. [19]
The Trendlines Group (42T): double‑digit rise ahead of trading halt
Move today: Israel‑origin venture investor Trendlines rose 11.6% to S$0.077, on a hefty 16.7 million shares traded — far above its three‑month average — before a request for a trading halt was lodged at 4:10 pm. [20]
Business profile & recent moves
- Trendlines is an early‑stage investment firm focused on agrifood technology and medical devices, with shares listed on the SGX Catalist board and, via ADRs, in the US. [21]
- The company has been active on the corporate front this year, including a rights issue and a series of portfolio‑company funding updates. [22]
- StockAnalysis estimates its trailing twelve‑month revenue at around negative S$8 million with net losses exceeding S$18 million, reflecting the inherently long‑cycle nature of its venture model. [23]
The trading halt request, for which detailed reasons were not yet publicly available at the time of writing, will likely keep speculative interest elevated until the company releases further information.
Embracing Future Holdings (8YY): med‑tech minnow riding bullish technical signals
Move today: Med‑tech company Embracing Future Holdings (EFH) climbed 9.7% to S$0.034, extending a rally that has seen the stock gain roughly 40% over the past fortnight. [24]
Recent analysis & forecast
- Technical site StockInvest noted on Friday that EFH’s price rise was accompanied by strong volume, generating buy signals from both short‑ and long‑term moving averages and a positive MACD reading. It characterises the stock as a “hold/accumulate” candidate but warns of very high daily volatility. [25]
- Fundamentally, the company is still in investment mode. StockAnalysis shows 2024 revenue of about S$0.86 million — up sharply from the prior year — but losses widening to roughly S$3.4 million. [26]
Today’s move appears driven chiefly by technical momentum, with traders leaning on the recent double‑bottom pattern highlighted in chart‑based analysis.
Accrelist (QZG): diversified electronics and aesthetics group sees volume surge
Move today:Accrelist gained 8.7% to S$0.050 on very strong volume of over 12 million shares, compared with a three‑month average of just a few hundred thousand. [27]
Business mix & fundamentals
- The group combines an electronics components distribution and plastic injection‑moulding business with a growing medical‑aesthetic services arm. [28]
- According to TradingView and StockAnalysis data, Accrelist’s last half‑year net income improved to around –S$70,000 from a loss of about –S$2.7 million previously, while market capitalisation sits near S$15 million. [29]
The improving loss profile and the optionality in its aesthetic clinics are cited by some traders as reasons for renewed interest, but the company remains small and relatively speculative.
Aoxin Q & M Dental Group (1D4): corporate actions keep dental stock in play
Move today: Dental chain Aoxin Q & M advanced 7.6% to S$0.071, adding to recent gains. [30]
Corporate backdrop
- Parent company Q & M Dental Group completed the acquisition of the remaining 49.47% stake in Aoxin earlier this year, as part of a plan to fully consolidate its China‑focused dental operations. [31]
- On 20 November, Aoxin issued a notification guiding shareholders to access an Offer Information Statement electronically, outlining details of the corporate exercise. [32]
With the corporate restructuring progressing and the counter still small‑cap, today’s move likely reflects positioning by investors who expect Q & M to eventually streamline or re‑rate the consolidated business.
Nordic Group (MR7), Fuji Offset, Kencana Agri and others: steady climbs in smaller industrials
Further down the percentage‑gainers table, several industrial and logistics‑linked names also posted solid advances:
- Nordic Group (MR7) added 7.3% to S$0.44. The systems integrator, which serves marine, offshore and oil‑and‑gas clients, has seen its market cap climb into the S$160‑170 million range this year, with trailing revenue around S$167 million, net profit about S$17 million and a dividend yield above 4%. [33]
- Fuji Offset Plates Manufacturing (508) rose 7.4% to S$0.58; the company supplies gravure printing cylinders and related products across the region. [34]
- Kencana Agri (BNE), a plantation group, gained 7.6% to S$0.285 amid generally firm palm‑oil prices across the region. [35]
These names may not dominate trading value, but their steady multi‑day gains suggest selective interest in smaller cyclical plays geared to manufacturing, packaging and commodities.
Top dollar gainers: AvePoint, Venture, Bukit Sembawang and more
While the percentage‑gainer list is dominated by sub‑10‑cent counters, larger absolute price moves today came from more established companies.
According to SGinvestors’ Top Gainers by dollar change ranking, the largest movers by absolute share‑price increase on 8 December were: [36]
- AvePoint (AVP) – up S$0.34 to S$17.42 (+2.0%)
- Jardine Cycle & Carriage (C07) – up S$0.28 to S$34.33 (+0.8%)
- Haw Par (H02) – up S$0.18 to S$15.80 (+1.2%)
- Venture Corporation (V03) – up S$0.17 to S$15.07 (+1.1%)
- Bukit Sembawang Estates (B61) – up S$0.17 to S$4.83 (+3.7%)
Here are the key storylines behind them.
AvePoint (AVP): newly dual‑listed SaaS name stays in focus
Cloud‑software firm AvePoint continued to attract attention following its recent dual listing on the SGX mainboard, making it the first pure‑play B2B SaaS stock on the Singapore exchange and the first company dual‑listed on both Nasdaq and SGX. [37]
In November, AvePoint reported third‑quarter 2025 results showing continued growth in its data‑security and governance platform, reinforcing its long‑term expansion plans in Asia. [38]
Today’s S$0.34 rise may look modest in percentage terms, but in dollar terms it was the largest gain on the entire exchange, underlining ongoing institutional interest in high‑quality tech names.
Venture, Haw Par, Bukit Sembawang and other mid‑caps
- Venture Corporation, a key electronics manufacturing services provider, ticked higher as investors continue to rotate into export‑oriented tech plays that could benefit from a stabilising global electronics cycle. [39]
- Haw Par, whose assets include the Tiger Balm brand and strategic stakes in UOB and UOL, climbed S$0.18, reflecting persistent interest in conglomerates with embedded asset value. [40]
- Developer Bukit Sembawang Estates gained 3.7% amid a broader bid for quality property names, as falling rates improve the relative appeal of mid‑yield developers versus bank deposits. [41]
On the financials side, insurers Great Eastern and United Overseas Insurance, as well as ST Engineering, Samudera Shipping, Frasers Property and UOB Kay Hian, all made the dollar‑gainers list with smaller but notable upticks, reinforcing the broad‑based nature of today’s rally. [42]
Sembcorp and large‑cap catalysts: energy transition remains a central theme
Beyond the day’s pure price action, several large‑cap stories continued to shape sentiment:
- Sembcorp Industries (U96) confirmed today that it is in talks to acquire Australian utility Alinta Energy, the country’s fourth‑largest energy retailer, though it stressed no definitive agreement has been signed. [43]
- Separate reports from Reuters and others over the past fortnight indicate Sembcorp is also exploring an IPO of its Indian renewable‑energy arm, Sembcorp Green Infra, in Mumbai within the next eight to nine months. [44]
These moves, alongside an earlier deal to acquire ReNew Power’s solar assets in India, are seen by analysts as reinforcing Sembcorp’s ambition to pivot aggressively toward renewables and energy transition assets. [45]
While Sembcorp itself was not among today’s top percentage gainers, its strategic actions continue to feature prominently in market commentaries and stock‑picking lists for Singapore investors looking into 2026. TechStock²
What today’s biggest gainers say about the Singapore market outlook
1. Risk appetite is back — but concentrated in small caps
The dominance of sub‑S$0.10 stocks like Clearbridge Health, Hoe Leong, GCCP, Oceanus and AsiaPhos at the top of the percentage‑gainers table shows that retail risk appetite has returned, especially in speculative penny names. However, their:
- extremely low absolute prices
- modest trading volumes
- and often weak or loss‑making fundamentals
mean these names can be whipsawed by a few trades, making them unsuitable as core holdings for most investors.
2. Property and industrial mid‑caps are beneficiaries of lower rates
Names like Amcorp Global, Bukit Sembawang, Nordic Group, Huationg Global and Frasers Property stand to benefit from:
- lower financing costs,
- improving demand for logistics, industrial and residential assets, and
- ongoing infrastructure investment in the region. [46]
This aligns with broader research published today pointing to REITs and quality property counters as key beneficiaries of the rate‑cut cycle. TechStock²
3. Tech and innovation stories remain in favour
The positive moves in AvePoint, Trendlines, iFAST and Accrelist underscore investors’ appetite for:
- cloud‑software and cybersecurity (AvePoint), [47]
- venture capital‑style exposure to agrifood and med‑tech (Trendlines), [48]
- digital wealth platforms (iFAST) and
- diversified electronics and aesthetic‑services plays (Accrelist). [49]
These counters are often more sensitive to global risk sentiment than purely domestic plays.
Key risks and what to watch next
- Volatility in penny stocks
Technical services like StockInvest warn that counters such as Oceanus and Embracing Future Holdings exhibit very high daily volatility and mixed technical signals, with some forecasts even pointing to possible downside over the next few months if recent gains fade. [50] - Macro event risk
Markets are pricing in another Fed rate cut this week. A surprise move — or unexpectedly hawkish guidance — could jolt global equities, including Singapore’s export‑oriented sectors. TechStock² - Company‑specific news flow
Bottom line
Today’s action on the Singapore Exchange paints a picture of a market where:
- the headline STI is near record highs,
- blue‑chip banks, SGX and high‑quality REITs remain the backbone for long‑term investors, and
- pockets of the market — especially micro‑cap penny stocks and select mid‑caps — are seeing aggressive, sometimes speculative swings.
For investors:
- Treat the triple‑digit percentage movers as high‑risk trading vehicles, not core holdings.
- Focus due diligence on business quality, balance sheets and sustainable earnings, especially in property, industrials, tech and renewables where structural themes remain favourable.
- Always cross‑check prices and volumes with your broker or trading platform before acting, and consider speaking with a licensed financial adviser before making investment decisions.
This article is for information and education only and does not constitute financial advice or a recommendation to buy or sell any security.
References
1. sginvestors.io, 2. sginvestors.io, 3. sginvestors.io, 4. links.sgx.com, 5. www.marketscreener.com, 6. www.investing.com, 7. sginvestors.io, 8. hoeleong.com, 9. sginvestors.io, 10. www.gccpresources.com, 11. links.sgx.com, 12. sginvestors.io, 13. stockinvest.us, 14. www.prestigeonline.com, 15. sginvestors.io, 16. simplywall.st, 17. stockanalysis.com, 18. sginvestors.io, 19. www.tradingview.com, 20. sginvestors.io, 21. www.morningstar.com.au, 22. sginvestors.io, 23. stockanalysis.com, 24. sginvestors.io, 25. stockinvest.us, 26. stockanalysis.com, 27. sginvestors.io, 28. www.morningstar.com.au, 29. www.tradingview.com, 30. sginvestors.io, 31. www.marketscreener.com, 32. links.sgx.com, 33. sginvestors.io, 34. sginvestors.io, 35. sginvestors.io, 36. sginvestors.io, 37. www.avepoint.com, 38. www.avepoint.com, 39. sginvestors.io, 40. sginvestors.io, 41. sginvestors.io, 42. sginvestors.io, 43. www.businesstimes.com.sg, 44. www.reuters.com, 45. www.reuters.com, 46. sginvestors.io, 47. www.avepoint.com, 48. sginvestors.io, 49. www.morningstar.com.au, 50. stockinvest.us, 51. sginvestors.io, 52. www.businesstimes.com.sg
