Daily Markets Briefing: STI down 0.03%

Don’t expect gains today.

The Straits Times Index (STI) ended 1.04 or 0.03% lower at 3,392.29.

The top active stocks were DBS, which grew 0.47%, UOB, which went down 0.29%, OCBC Bank, which crashed 1.48%, CapitaLand, which jumped 1.98%, and YZJ Shipbldg SGD which fell 0.64%.

The FTSE Mid Cap slipped 0.05% whilst the FTSE Small Cap declined 0.24%.

According to OCBC Investment Research, the Nasdaq on Friday closed at a record, and the S&P 500 narrowly missed its own, as investors bought stocks following an April employment report that came in hotter than expected, underscoring consistent labor-market strength.

All eleven S&P 500 industries ended higher, led by Consumer Discretionary (1.40%) and Industrials (1.24%). The index advanced 3.93% for the month.

“Despite the gains on Wall Street Friday, investors are likely to remain cautious today amidst the trade war concerns,” 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