Daily Markets Briefing: STI down 0.15%

But expect some cheers in the local market today.

The Straits Times Index (STI) ended 4.74 points or 0.15% lower to 3216.92 on Friday, taking the year-to-date performance to +11.67%.

According to SGX Market Summary, the top active stocks were Singtel, which declined 0.80%, DBS, which gained 0.34%, Noble, which declined 8.09%, OCBC Bank, which gained 0.29% and SIA, with a 7.25% fall.

This came as U.S. stocks finished higher Friday for a second straight session of gains, but closed in negative territory for the week, unable to fully bounce back from sharp losses in the middle of the week sparked by White House drama, OCBC Investment Research said.

Meanwhile, all eleven S&P 500 industries ended higher, led by Industrials (1.36%) and Energy (1.24%). The index retreated 0.38% for the week.

Here's more from OCBC Investment Research:

The continued gains on Wall Street Friday could bring some cheer to the local bourse this morning.

As before, we maintain the initial hurdle at 3250, ahead of 3300; on the downside, we keep the immediate support at 3200, followed by the next support level at 3170.

Overall volume climbed 8.9% with 2.0b units traded, while total value fell 9.0% to S$1.2b, and average value/unit lost 16.4% to S$0.59.

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