Daily Markets Briefing: STI up 0.44%

Expect muted gains today.

The Straits Times Index (STI) ended 14.55 points or 0.44% higher to 3315.9, taking the year-to-date performance to -2.56%.

The top active stocks today were DBS, which slipped 0.33%, UOB, which rose 0.45%, Venture, which dipped 1.51%, OCBC Bank, which gained 0.51% and Singtel, with a 0.31% fall.

The FTSE ST Mid Cap Index rose 0.65%, whilst the FTSE ST Small Cap Index gained 0.60%.

OCBC Investment Research noted that US stock-market indexes closed mostly higher, though the Dow Jones Industrial Average posted its seventh consecutive daily decline, its longest losing streak since March 2017.

Seven out of eleven S&P 500 industries ended higher, led by Real Estate (1.10%) and Consumer Discretionary (0.48%) whilst Telecommunication Services (-0.95%) and Materials (-0.39%) led the declines.

"The mixed performances on Wall Street overnight could keep local sentiment muted today, with investors still finely tuned to the twists and turns in the U.S.-China trade disputes," OCBC Investment Research 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