Daily Markets Briefing: STI up 0.66%

Expect and extended winning streak today.

The Straits Times Index (STI) ended 20.43 points or 0.66% higher to 3100.39, taking the year-to-date performance to +7.55%.

The top active stocks today were Singtel, which gained 0.77%, Global Logistic, which declined 0.72%, DBS, which gained 0.80%, UOB, which gained 0.58% and Noble, with a 3.80% advance.

This came as U.S. stock-market indexes registered fresh records Friday and posted a third straight weekly gain, as investors focused on President Donald Trump’s pledge to move quickly on changes to the tax code—which has the potential to deliver a jolt to corporate earnings, according to OCBC Investment Research.

Meanwhile, ten out of eleven S&P 500 industries ended higher, led by Materials (0.91%) and Industrials (0.75%) while Consumer Staples (-0.06%) bucked the trend. The index was up 0.81% for the week.

"The continued gains on Wall Street Friday could keep local sentiment fairly buoyant today, potentially extending STI’s two-days winning streak," OCBC noted.

Here's more from OCBC:

We peg the initial hurdle at 3125, ahead of 3165; on the downside, we peg the immediate support at 3070, ahead of 3040.

Overall volume climbed 3.8% with 3.3b units traded, and total value jumped 21.6% to S$1.7b, while average value/unit added 17.2% to S$0.52.

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