Daily Markets Briefing: STI up 0.68%

Stocks could do a rebound with the modest Wall Street gains.

The Straits Times Index (STI) ended 21.93 or 0.68% higher at 3,247.55, taking the year-to-date performance to +21.93.

The FTSE ST Mid Cap Index gained 2.18%, whilst the FTSE ST Small Cap Index slipped 1.78%.

The top active stocks were DBS, which inched up 70%, Singtel, which grew 0.62%, OCBC, which advanced 0.20%, UOB, which rose 0.11%, and CapitaLand, with a 0.20% fall.

OCBC Investment Research noted that the S&P 500 and the Nasdaq finished at records for a third consecutive session after a measure of consumer confidence hit a nearly 18-year high, underscoring a continued expansion of the U.S. economy. However, the market’s gains were muted, with indexes closing off of intraday peaks.

Four out of eleven S&P 500 industries ended higher, led by Real Estate (1.18%) and Information Technology (0.22%) whilst Telecommunication Services (-0.48%) and Energy (-0.45%) led the declines.

"The modest gains on Wall Street overnight could see the STI attempting to make another technical rebound today," OCBC Investment Research 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