Daily Markets Briefing: STI up 0.23%

Expect some good news today.

The Straits Times Index (STI) ended 7.74 points or 0.23% higher to 3384.98, taking the year-to-date performance to -0.53%.

The top active stocks yesterday were DBS, which gained 2.25%, SGX, which declined 7.35%, UOB, which gained 0.42%, OCBC Bank, which gained 0.57% and Singtel, with a 0.59% fall.

The FTSE ST Mid Cap Index declined 0.24%, while the FTSE ST Small Cap Index declined 0.68%.

According to OCBC Investment Research, US stocks rose for a second straight session Monday as investors waded back into the market, hunting for bargains amid signs of stability after one of the worst weeks for equity benchmarks in two years.

All eleven S&P 500 industries finished higher, led by Materials, which rose 2.09%, and Information Technology, which rose 1.79%.

"Continued strength on Wall Street overnight could lift local sentiment, potentially extending the STI’s 0.2% gains in the previous session," 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