Daily Markets Briefing: STI down 0.14%

Do not expect boosts today.

The Straits Times Index (STI) ended 4.41 points or 0.14% lower to 3228.06, taking the year-to-date performance to +12.06%.

The top active stocks today were DBS, which closed unchanged, Global Logistic, which gained 0.61%, Ascendas REIT, which gained 0.75%, Singtel, which declined 0.54% and UOB, with a 0.09% fall.

The FTSE ST Mid Cap Index declined 0.30%, while the FTSE ST Small Cap Index rose 0.26%.

According to OCBC Investment Research, US stock indexes ended slightly lower Thursday as investors sold financials, consumer-discretionary, and telecommunication shares, with Disney and Goldman Sachs exacting a hefty toll on the Dow industrials.

Three out of eleven S&P 500 industries finished lower, led by Telecommunication Services (-2.08%) and Financials (-1.65%) while Health Care (1.09%) and Real Estate (0.76%) led the gains.

"The muted showings on Wall Street overnight are unlikely to provide much of boost to the local bourse today," OCBC said.

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