Daily Markets Briefing: STI down 0.36%

Expect some good news today.

The Straits Times Index (STI) ended 12.21 points or 0.36% lower to 3402.86, taking the year-to-date performance to +0.00%.

The top active stocks were DBS, which gained 1.45%, UOB, which declined 2.24%, OCBC Bank, which declined 2.47%, Singtel, which gained 0.60% and SIA, with a 4.99% advance.

The FTSE ST Mid Cap Index declined 0.19%, whilst the FTSE ST Small Cap Index declined 0.19%.

OCBC Investment Research noted that US stock gauges rallied Wednesday, booking a fourth consecutive gain after investors shook off initial anxieties prompted by a key consumer-inflation reading that showed the strongest monthly rise in five months.

Seven out of eleven S&P 500 industries finished higher. The best performers were Financials (2.32%) and Information Technology (1.95%) whilst the worst performers were Utilities (-1.19%) and Telecommunication Services (-0.70%).

"Gains on Wall Street overnight could continue to bring some cheer to the local bourse today," OCBC 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