Daily Markets Briefing: STI up 1.54%

Expect muted gains today.

The Straits Times Index ended 46.35 or 1.54% higher at 3,059.23.

The top active stocks were DBS, which grew 0.20%, UOB, which advanced 0.39%, Singtel, which inched up 0.04%, OCBC, which climbed 0.14%, and Jardine C&C, with a 0.60% advance.

The FTSE Mid Cap rose 8.13% whilst the FTSE Small Cap advanced 1.51%.

OCBC Investment Research (OIR) noted that US stocks staged a major rally to close out the week, more than erasing Thursday’s sharp losses after a better-than-expected jobs report showed employers adding new personnel at a robust pace.

All eleven S&P 500 industries ended higher, led by Information Technology (4.40%) and Communication Services (4.07%).

"Soothing comments from Federal Reserve Chair Jerome Powell and an easing monetary policy in China are likely to bolster local sentiment 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