AEM overtook DBS as the top stock by total value traded on the Singapore Exchange on Friday, May 15, 2026 [1, 2, 3]. By 9:40 a.m., about S$47.3 million worth of AEM shares had changed hands, surpassing DBS's S$45.6 million over the same period [1, 2, 3].
AEM shares surged 7.8% in the opening minutes, reaching an intraday peak of S$10.68 within the first four minutes of trading [1, 2, 3]. However, the stock then reversed course, falling back to close 6.7% lower at S$9.25 by the market close on May 15 [2, 3]. During late morning trading, AEM shares slid 1.9% to 2.1% intraday, erasing early gains [2, 3].
DBS remains Singapore's largest company by market capitalisation, with a share price around S$60 [1, 2, 3]. Despite DBS's dominance, strong demand for AI-related chips and testing services has boosted tech stocks including AEM, Asti Holdings, and Avi-Tech, which have outperformed the Straits Times Index (STI) year to date [1, 2, 3]. The STI gained about 6.5% year to date but dipped just under 1% in April 2026 [1, 2, 3].
Many Singapore-listed semiconductor and precision-engineering firms supply U.S.-listed technology companies, causing their share movement to align with global peers [1, 2, 3]. Major drivers for the tech sector include surging demand linked to artificial intelligence.
AEM recently announced a partnership with ASE Technology, the world's largest independent semiconductor manufacturing services provider [1, 2, 3]. Meanwhile, Singapore's exports expanded 15.3% year on year in March 2026, led by AI-related electronics products [1, 2, 3].
CSE Global also saw strong performance on May 15, with shares reaching an all-time high of S$1.91 after reporting 29.1% revenue growth in the first quarter of 2026. The stock later pared gains to close lower intraday [1, 2, 3].
Phillip Securities analyst Chong Yik Ban expects "the gains to persist through the end of this year," projecting continued strength in the tech rally [1, 2, 3].
