Daily Markets Briefing: STI up 1.36%

Don't expect gains today.

The Straits Times Index (STI) ended 43.74 or 1.36% higher at 3,243.32, taking the year-to-date performance to +39.58.

The FTSE ST Mid Cap Index gained 4.19%, whilst the FTSE ST Small Cap Index advanced 0.84%.

The top active stocks were Singtel, which rose 5.20%, DBS, which grew 1.6%, UOB, which inched up 1.08%, CityDev, which slipped 0.63%, and OCBC Bank with a 0.81% advance.

According to OCBC Investment Research, US stocks closed mostly lower, with the S&P 500 and the Dow snapping a four-day winning streak, as the minutes from the latest Federal Open Market Committee’s most recent meeting reaffirmed the central bank’s hawkish bias.

Seven out of eleven S&P 500 industries ended lower, with Telecommunication Services (-2.02%) and Industrials (-0.93%) leading the declines whilst Energy (1.20%) and Information Technology (0.48%) led the gains.

"The weakness on Wall Street overnight after Fed’s minutes is unlikely to bring any inspiration to local sentiment this morning," OCBC Investment Research commented.

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