Daily Markets Briefing: STI up 0.48%

Wall Street's weakness could spell a muted start for the local bourse today.

The Straits Times Index (STI) ended 15.14 or 0.48% higher at 3,198.65.

The top active stocks were DBS, which climbed 1.39%, UOB, which grew 0.29%, Singtel, which inched up 0.01%, OCBC, which rose 0.04%, and CapitaLand with no change.

The FTSE Mid Cap grew 2.14% whilst the FTSE Small Cap rose 2.51%.

According to OCBC Investment Research, US stocks closed lower Thursday in effect snapping a five-day streak which helped drive the Dow and the S&P 500 out of correction territory. It noted however, that major indexes posted robust gains for a third week in a row with the Federal Reserve reassuring the market it will remain flexible on interest rates going forward.

Seven out of eleven S&P 500 industries ended lower, led by Energy (-0.63%) and Utilities (-0.44%). Healthcare (0.33%) on the other hand led the gains.

"The weakness on Wall Street Friday could send the local bourse to a muted start this morning, with trade data from China in focus today," OIR 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