Daily Markets Briefing: STI down 0.38%

Expect muted gains.

The Straits Times Index (STI) ended 12.6 points or 0.38% lower to 3287.4, taking the year-to-date performance to -3.39%.

The top active stocks were DBS, which declined 0.52%, Singtel, which declined 1.27%, UOB, which declined 0.83%, Venture, which declined 0.17% and OCBC Bank, with a 1.01% fall.

The FTSE ST Mid Cap Index gained 0.69%, whilst the FTSE ST Small Cap Index rose 0.81%.

OCBC Investment Research noted that U.S. stock benchmarks ended mostly higher on Friday as an OPEC-inspired rally in energy shares helped the Dow industrials halt a lengthy slide, but equities rang up weekly losses in a period pockmarked by a series of trade-related spats.

Eight out of eleven S&P 500 industries ended higher, led by Energy (2.20%) and Materials (1.38%) whilst Financials (-0.53%) and Information Technology (-0.38%) led the declines. The index retreated 0.89% for the week.

“The mixed performances on Wall Street Friday could keep the overall sentiment cautious today. Investors also assess the impact as China loosened policy,” added OCBC Investment Research.

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