Market Update: STI climbs on back of strong GDP data

The Straits Times Index climbed, along with its Asian peers, on Monday, up by 35.77 points, or 1.27% at 2,848.78.

The gain came after the release of the country's Q3 GDP data, which shrank by 5.8% on a year-on-year basis, smaller than the 7% initial estimate.

The Ministry of Trade and Industry (MTI) then revised its 2020 growth outlook, expecting a full-year GDP between 6.5% and 6%, from its previous forecast of a 5% to 7% drop.

Policymakers remain optimistic, seeing a recovery of between 4% and 6% next year.

Investors' sentiment, on the other hand, has also stayed in positive territory, with hopes of the availability of a COVID-19 vaccine this year.

Top gainers for the day were Jardine Cycle & Carriage with 0.95 points to 4.55%, CapitaLand Limited with 0.07 to 2.30%, and Singtel with 0.05 to 2.07%.

Meanwhile, the FTSE Mid Cap advanced by 0.4%, while FTSE 100 dropped 0.28%, dragged by the pharmaceutical company AstraZeneca which closed at its worst day in about six months.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia