SG Stocks Weekly Heatmap - Turn market noise into visual clarity #TTNews 20-Feb-2026

 

Based on the weekly heatmaps dated February 20, 2026, the Singapore market showed a generally positive bias, particularly among heavyweight financial and industrial counters. The Straits Times Index (STI) maintained above the 5,000-point psychological level this CNY holiday shortened trading week, supported by earlier favorable news from Budget 2026 and CNY festive mood.

Financial Services: The Anchor Sector

The financial sector dominated the week's performance, buoyed by the S$1.5 billion injection into the Equity Market Development Programme (EQDP) announced in Budget 2026.

DBS (+1.6%): Maintained its lead as the largest counter by market cap. Investors responded well to its fixed-dividend policy and potential for provision write-backs.

OCBC (+2.9%): The top performer among the "Big Three" banks this week, ahead of full-year results scheduled for next week. Recent news highlights OCBC’s strong growth in wealth management fees and a healthy capital buffer.

UOB (+0.3%): Saw more modest gains as investors await its full-year results scheduled for next week.

SGX (-1.3%): A notable outlier in the green sector. Despite the budget's support for the exchange, some profit-taking occurred after a strong run-up earlier in the year.

Industrials & Energy: Shipbuilding Surge

This sector saw some of the most dramatic green blocks on the heatmap, driven by specific corporate developments.

YZJ Shipbldg (+8.7%): The standout performer. The stock gained for seven consecutive days leading up to Feb 20, driven by a strong order book and ahead of its earnings release expected end Feb.

Keppel (+2.5%): Continued its upward trajectory as it pivots toward asset management and green energy solutions.

SIA (-0.9%): The "sea of red" in the top right. Some profit-taking occurred after a strong run-up since Feb this year.

Consumer & Technology: Selective Rallies

Genting Singapore (+5.2%): A major mover this week. The stock was upgraded by DBS to "Buy" with a target of S$0.90 following news that it might distribute over S$1 billion in excess cash via a special dividend or capital return.

Singtel (+2.6%): Anchored the Communication Services sector, benefiting from its "safe haven" status and stable dividend outlook.

CSE Global (+6.5%): A star in the technology/mid-cap space. Recent news confirmed a 118.7% YoY increase in new orders, largely driven by US electrification and data center contracts.

Real Estate & REITs: Mixed Performance

The REIT sector remains a "tale of two cities" as interest rates begin to stabilize but haven't yet dropped significantly.

CapLand IntCom T (0.0%) and CapLand Ascendas (0.0%): Remained flat as the market weighs the benefit of falling interest rates against a slowing 2026 GDP forecast (2.1%).

Lendlease REIT (-1.6%): Faced some selling pressure despite reporting strong rental reversions, as investors remain cautious about retail/office debt levels.