Daily Markets Briefing: STI down 0.07%

Expect local market sentiment to be fairly cautious.

The winning streak has ended for STI as it closed 2.00 points or 0.07% lower to 2842.62 on Thursday, taking the year-to-date performance to -1.39%.

According to OCBC, this came after US stocks closed lower, as a sharp drop in oil and telecommunications shares weighed on investors’ sentiment.

Only one of the S&P 500 industries ended higher, with Telecommunication Services (-2.01%) and Industrials (-0.60%) leading the declines while Health Care (0.50%) gained.

"Weakness on Wall Street overnight is likely to keep sentiments on the local bourse fairly cautious, limiting the near term upside," OCBC noted.

Here's more from the firm:

Gold for Dec delivery slipped US$2.40, or 0.19%, to close at US$1267.50/ounce while Dec Silver shed 11 cents, or 0.65%, to settle at US$17.55/ounce.

Overall volume dipped 4.5% with 1.8b units traded, and the total value dropped 0.4% to S$0.89b; while average value/unit rose 4.3% to S$0.48.

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