Daily Markets Briefing: STI up 0.76%

Wall Street gains could push the local bourse even further today.

The Straits Times Index (STI) ended 24.75 or 0.76 higher at 3,267.40.

The FTSE ST Mid Cap Index rose 2.77% whilst the FTSE Small Cap Index inched up 1.13%.

The top active stocks were DBS which rose 0.32%, Keppel, which grew 0.26%, Singtel, which inched up 0.02%, ThaiBev, which grew 0.04%, and UOB, with a 0.16% advance.

OCBC Investment Research noted that the Dow Jones Industrial Average finished at a record for the 15th time this year as investors were cheered by healthy economic data. But the market pared earlier gains, with major indexes closing off intraday highs as bond yields jumped, which could dampen appetite for stocks.

Five out of eleven S&P 500 industries ended higher, led by Financials (0.82%) and Energy (0.78%) whilst Utilities (-1.23%) and Consumer Staples (-1.06%) led the declines.

"The gains on Wall Street overnight are likely to bring some cheer to the local bourse this morning," 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