Daily Markets Briefing: STI up 0.13%

Expect some boost today.

The Straits Times Index (STI) ended 4.2 points or 0.13% higher to 3144.03 on Monday, taking the year-to-date performance to +9.14%.

The top active stocks were Singtel, which closed unchanged, DBS, which gained 1.23%, OCBC Bank, which gained 0.52%, Keppel Corp, which declined 0.76% and CapitaLand, with a closed unchanged.

According to OCBC Investment Research, this came as US stocks rallied to finish higher, with major indexes advancing more than 1% and the tech-heavy Nasdaq scoring a record high close following a strong showing by centrist Emmanuel Macron in the French presidential election, which averted fears of a Eurosceptic-only runoff.

Meanwhile, nine out of eleven S&P 500 industries ended higher, led by Financials (2.19%) and Industrials (1.31%) while Real Estate (-0.91%) and Telecommunication Services (-0.04%) lost ground.

Here’s more from OCBC Investment Research:

The rally on Wall Street overnight could lift local sentiment, potentially extending yesterday’s 0.1% gains.

We continue to peg the initial hurdle at 3180, ahead of 3200; on the downside, we keep the immediate support at 3110, ahead of 3085.

Overall volume jumped 52.4% with 3.3b units traded, and total value climbed 6.7% to S$1.1b, while average value/unit fell 30% to S$0.34.

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