Straits Times Index at a Record Level: What Matters More Than the Number

The Straits Times Index (SGX: ^STI) has reached a record high, crossing the 5,000-mark for the first time on 12 February 2026.This milestone triggers both excitement and caution amongst investors, who may wonder if the market is becoming “too expensive”. However, the index number alone tells very little about what we should do next. Let’s break down what truly matters when the markets hit new highs, and what is just noise.  Why Record Levels Feel So ImportantWhen news screams about market highs, it feels si ...