Why Safe Dividend Stocks Are Down - Weekly SGX Stock Gainers and Losers for 18 Jan 2026

DOSSIER: Weekly Market Wrap (Jan 13-17) – The “Risk-On” Riot

1. STI closes at 4849

The Straits Times Index (STI) didn’t just break a record this week; it smashed the door down, closing at 4,849.10 (+2.1%). But before you pop the champagne, look at what moved. This wasn’t a rising tide lifting all boats. It was a violent rotation. While property developers like CDL ripped ~10% higher on “asset unlocking” hype, the “safe haven” REITs were left in the dust, and retail favorites like Seatrium took a breather. The market is screaming “Growth,” but the data—specifically the Fair Value models—suggests some of these high-flyers are flying too close to the sun.