Daily Markets Briefing: STI up 1.16%

Developers' shares recovered from the declines following the property curb.

The Straits Times Index (STI) ended 37 points or 1.16% higher at 3228.82, taking the year-to-date performance to -5.12%.

The top active stocks were DBS, which gained 1.42%, Singtel, which rose 1.55%, CityDev, which grew 1.69%, UOB, which is up 0.95%, and CapitaLand, with a 1.00% advance.

The FTSE ST Mid Cap Index gained 1.05%, while the FTSE ST Small Cap Index rose 0.66%.

According to OCBC Investment Research, the Dow had its best day in a month, jumping by triple digits to close higher for a third straight session, as U.S. stocks posted a broad rally, with strong economic data appearing to offset worries about rising trade tensions.

Six out of eleven S&P 500 industries ended higher, led by Financials (2.32%) and Industrials (1.81%) while Utilities (-3.13%) and Telecommunication Services (-1.42%) led the declines.

"Continued gains on Wall Street overnight could keep local sentiment fairly positive today," 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