Daily Markets Briefing: STI down 0.05%

Local sentiment will be cautious today.

The Straits Times Index (STI) ended 1.7 points or 0.05% lower to 3238.31, taking the year-to-date performance to +12.41%.

The top active stocks were DBS, which gained 0.05%, Singtel, which declined 0.26%, OCBC Bank, which gained 0.28%, UOB, which declined 0.73% and CapitaLand, with a 0.55% fall. The FTSE ST Mid Cap Index declined 0.13%, while the FTSE ST Small Cap Index rose 0.27%.

According to OCBC, the weakness on Wall Street overnight is likely to keep local sentiment cautious today, limiting any upside in the near term.

"We continue to peg the immediate resistance at 3250, ahead of 3300; on the downside, the immediate support remains at 3200, ahead of 3170. Overall volume dwindled 22.4% with 1.5b units traded, and total value dipped 4.5% to S$0.9b, while average value/unit gained 23.1% to S$0.63," it added.

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.

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