Daily Markets Briefing: STI down 0.69%

Expect limited earnings today.

The Straits Times Index (STI) ended 19.49 points or 0.69% lower to 2814.6 on Friday, taking the year-to-date performance to -2.36%.

According to OCBC, this came as U.S. stocks mostly rose, with the Dow recording its fifth straight daily advance and ending at its second record close in a row, while a rebound in technology shares boosted the Nasdaq Composite.

Seven out of eleven S&P 500 industries ended lower, led by Energy (-1.66%) and Health Care (-1.49%) while Consumer Discretionary (0.58%) led the gains. The index rallied 3.8% for the week.

Here's more from OCBC:

Gold for Dec delivery fell US$42.10, or 3.32%, to close at US$1224.30/ounce while Dec Silver slipped US$1.36, or 7.23%, to settle at US$17.38/ounce. For the week, Gold and Silver lost 6.15% and 5.38% each.

While the modestly higher Wall Street close Friday could lend some support to the local bourse, sentiment could stay cautious, limiting near-term upside.

Overall volume shrank 9.3% with 2.3b units traded, and the total value increased by 16.2% to S$1.9b; while average value/unit was up 28.2% to S$0.81.

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