Investing Updates: Singapore Market 2024 Recap | Which Dividend Monsters Witness the Biggest Surge?

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Gemini Summarized:

Singapore's stock market performed well in 2024, despite global economic uncertainty. The Straits Times Index (STI) reached new highs, and dividend stocks were particularly attractive to investors seeking stable returns.

The three largest banks in Singapore - DBS, OCBC Bank, and UOB - all saw impressive stock price gains in 2024. DBS was the strongest performer, with a gain of over 52%. The bank also raised its dividend by 22%.

Singapore Airlines was another strong performer in 2024. The company's stock price increased significantly, and it became the highest dividend-yielding stock on the list. The airline's passenger volumes and cargo capacity both grew in 2024.