, Singapore

Daily Markets Briefing: STI up 0.17%

Expect muted gains today.

The Straits Times Index (STI) ended 6.16 points or 0.17% higher to 3579.54, taking the year-to-date performance to +5.19%.

The top active stocks were UOB, which declined 0.20%, DBS, which gained 0.14%, OCBC Bank, which declined 0.22%, Venture, which gained 1.11% and Keppel Corp, with a 0.97% advance.

The FTSE ST Mid Cap Index declined 0.02%, whilst the FTSE ST Small Cap Index declined 0.15%.

According to OCBC Investment Research, US stocks ended the session little changed Monday as investors grappled with rising bond yields and a mixed bag of earnings reports.

Six out of 11 S&P 500 industries ended higher. The best performers were Telecommunication Services (1.08%) and Energy (0.61%). The worst performers were Information Technology (-0.40%) and Materials (-0.30%).

"We expect the local bourse to trade with a soft tone today, as investors remain focused on the U.S. Treasury market," OCBC said.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.