Daily Markets Briefing: STI up 0.15%

Investors are urged to take caution today.

The Straits Times Index (STI) ended 5.09 points or 0.15% higher to 3465.54, taking the year-to-date performance to +20.30%.

The top active stocks were DBS, which gained 0.48%, UOB, which gained 0.30%, Singtel, which gained 0.53%, OCBC Bank, which gained 0.08% and Keppel Corp, with a 2.38% advance.

The FTSE ST Mid Cap Index gained 0.38%, whilst the FTSE ST Small Cap Index rose 0.63%.

According to OCBC Investment Research, the S&P 500 and the Dow closed at records for the fourth session in a row Tuesday as the Federal Reserve kicks off its two-day meeting, but the Nasdaq bucked the trend to head south.

Seven out of 11 S&P 500 industries finished higher. The best performers were Telecommunication Services, which rose 2.80%, and Financials, which rose 1.02%, whilst worst performers were Utilities, which fell 1.75%, and Energy, which fell 0.32%.

"Today’s tone is likely to be cautious as investors await clues on policy decisions from the central bank in Europe and America," OCBC said.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

Singapore targets $645m fund for SEA climate projects
The programme will also feature a data platform and a market development facility.
iWOW swings to $700,000 loss in H1 2027
Datacomm revenue fell 41%, whilst wireless engineering declined 35%.