177 views
Photo by Pixabay from Pexels.

Daily Markets Briefing: STI declines by 1.25%; Yangzijiang Shipbuilding is top stock

Yangzijiang Shipbuilding was the most active stock with a 2.46% increase.

The Straits Times Index was down by 1.25%, closing at 3,173.84 on 17 May 2023, Wednesday.

Yangzijiang Shipbuilding was the top stock as it increased by 2.46%, followed by Singapore Airlines which was up by 1.52%, and Emperador with a 1% rise.

CapitaLand Investment was at the bottom as it fell by 3.68%, followed by Ascendas Real Estate Investment Trust which was down by 3.47%, and SGX with a 2.43% decline.

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Exclusives

Singapore opens door to foreign stablecoins under tighter rules
Banks may need separate companies to issue stablecoins under the proposed framework.
Singapore's most notable architecture professionals under 40 of 2026
The honourees span five firms, with women in the majority and a combined portfolio that includes a $960m hospital campus.