Daily Markets Briefing: STI up 0.06%

But weakness on Wall Street could weigh on local bourse today.

The Straits Times Index (STI) ended 1.87 points or 0.06% higher to 3175.11 on Friday, taking the year-to-date performance to +10.22%.

The top active stocks were DBS, which gained 0.52%; Singtel, which declined 0.25%; OCBC Bank, which gained 0.10%; UOB, which gained 0.41%; and CapitaLand, which closed unchanged.

According to OCBC Investment Research, this came as US stocks closed lower, but still posted sizable weekly and quarterly gains. Monthly performance was mixed.

Meanwhile, eight out of eleven S&P 500 industries ended lower, with Financials (-0.72%) leading the declines whilst Real Estate (0.49%) led the gains. The index was down 0.04% for the month.

Here's more from OCBC Investment Research:

The weakness on Wall Street Friday could weigh on local sentiment this morning.

We continue to peg the initial hurdle at 3200, ahead of 3270. On the downside, we keep the immediate support at 3150, ahead of 3100.

Overall volume shrank 17.5% with 2.6b units traded, whilst total value jumped 44.8% to $1.6b, and average value/unit climbed 75.5% to $0.62.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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