Daily Markets Briefing: STI up 0.29%

Investors are urged to take caution today.

The Straits Times Index (STI) ended 10.31 points or 0.29% higher to 3543.17, taking the year-to-date performance to +4.12%.

The top active stocks were DBS, which gained 0.07%, OCBC Bank, which declined 0.68%, Venture, which gained 4.12%, Singtel, which gained 0.57% and UOB, with a 0.17% advance.

The FTSE ST Mid Cap Index gained 0.24%, whilst the FTSE ST Small Cap Index declined 0.39%.

OCBC Investment Research (OIR) noted that US stocks came off their lows on Tuesday to end a choppy session little changed, after President Donald Trump, as expected, announced the US would pull out of a multilateral nuclear deal with Iran.

Seven out of 11 S&P 500 industries ended lower, with Utilities (-2.51%) and Telecommunication Services (-1.30%) leading the declines. Energy (0.78%) and Industrials (0.72%) led the gains.

"The muted performances on Wall Street overnight could cause local sentiment to remain cautious today, as investors assess the implications of President Trump’s decision to scrap the Iran nuclear deal," OIR said.

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