Daily Markets Briefing: STI down 0.35%

Wall Street's gains could uplift the local bourse today.

The Straits Times Index (STI) ended 11.01 points or 0.35% lower at 3,109.91.

The FTSE ST Mid Cap Index fell inched up 0.72%, whilst the FTSE ST Small Cap Index fell 2.90%.

The top active stocks are DBS, which slipped 0.25%, YZJ, which grew 5.51%, Singtel, which rose 0.32%, JMH, which dipped 1.31%, and SPH, with a 0.37% fall.

OCBC Investment Research noted that US stocks shrugged off a wobbly start to close higher, with the Dow climbing by triple digits, as energy and telecommunications rallied. However, trade worries were simmering below the surface as investors continued to watch the situation between the US and China.

Six out of eleven S&P 500 indices closed higher, led by Telecommunication Services (1.08%) and Energy (0.98%) whilst Consumer Staples (-0.39%) and Utilities (-0.35%) led the losses.

"The positive performance on Wall Street overnight could continue to bring some reprieve to the local market, but we expect the overall tone to remain cautious." 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