Daily Markets Briefing: STI up 0.14%

But expect muted gains today.

The Straits Times Index (STI) ended 4.03 points or 0.14% higher to 2843.72 on Thursday, taking the year-to-date performance to -1.35%.

This came as European stocks scored modest gains, with mining shares battling against dollar strength during a quieter-than-usual session with U.S. markets closed for the Thanksgiving holiday.

The US stock market was closed on Thursday due to Thanksgiving Day, and with this local market could see muted gains.

Here's more from OCBC:

As the index is quite close to the key 2850 resistance, the ability of the index to stay convincingly above this level remains crucial. Failing which, we could see a pullback towards 2800.

We continue to peg the initial hurdle at 2850, ahead of 2860; on the downside, we peg the immediate support at 2800, ahead of 2770.

Overall volume dwindled 15.3% with 1.3b units traded, and the total value fell 3.0% to S$1.2; while average value/unit jumped 14.6% to S$0.89.

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