Daily Markets Briefing: STI down 0.12%

Investors should remain cautious today.

The Straits Times Index (STI) ended 3.75 points or 0.12% lower to 3143.4 on Tuesday, taking the year-to-date performance to +9.12%.

The top active stocks were Keppel Corp, which declined 2.22%; Singtel, which declined 0.25%; DBS, which gained 0.42%; Global Logistic, which gained 0.36%; and UOB, with a 0.23% advance.

OCBC said this came as US stocks finished lower as a persistent slump in oil prices put pressure on energy shares, whilst investors were also making guarded moves as the Federal Reserve’s two-day Federal Open Market Committee meeting got underway.

Meanwhile, ten out of eleven S&P 500 industries ended lower, with energy (-1.10%) and industrials (-0.91%) leading the declines whilst consumer discretionary (0.02%) was the sole gainer.

Here are the implications on Singapore:

The lacklustre showing on Wall Street overnight and the FOMC rate decision could cause investors to remain cautious again today.

As before, we expect the market to be range-bound between 3100 and 3150 for now; and see the next resistance and support level at 3180 and 3060, respectively.

Overall volume shrank further 6.5%, dropping to 2.1b units, whilst total value gained 3% to S$1.2b, and average value/unit rose 10.1% to S$0.56.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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