Daily Markets Briefing: STI down 0.35%

Don't expect gains today.

The Straits Times Index ended 11.23 or 0.35% lower at 3,222.84.

The top active stocks were Singtel, which inched up 2.98 points, DBS, which grew 25.36 points, UOB, which rose 25.10 points, and JMH USD, which edged up 66.25 points.

The FTSE Mid Cap Index rose 0.31% whilst the FTSE Small Cap closed unchanged.

According to OCBC Investment Research (OIR), stocks closed lower for a third session in a row on tepid US data as the Federal Reserve’s Beige Book, an anecdotal account of business conditions, showed the partial government shutdown had weighed on economic activity.

Nine out of eleven S&P 500 industries ended lower, led by Health Care (-1.47%) and Energy (-1.28%) whilst Materials (0.20%) and Utilities (0.03%) gained ground.

"Today’s tone is likely to remain soft, following the weakness on Wall Street overnight, as global growth concerns resurface," 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