Daily Markets Briefing: STI down 0.4%

Investors are urged to take caution.

The Straits Times Index (STI) ended 13.26 points or 0.4% lower at 3326.74, taking the year-to-date performance to -2.24%.

The top active stocks were DBS, which declined 2.95%, OCBC Bank, which declined 0.42%, YZJ Shipbldg SGD, which gained 8.79%, UOB, which gained 1.14% and CapitaLand, with a 1.23% advance.

The FTSE ST Mid Cap Index gained 0.29%, whilst the FTSE ST Small Cap Index declined 0.47%.

U.S. stocks closed mostly lower Thursday as weak energy and industrial shares weighed on the market, but the Nasdaq bucked the trend to rise for an eighth straight session, logging its best winning streak since October, according to OCBC Investment Research.

Six out of eleven S&P 500 industries ended lower, with Energy (-0.89%) and Industrials (-0.57%) leading the declines whilst Telecommunication Services (0.98%) and Materials (0.50%) led the gains.

"We expect the local bourse to trade with a cautious tone today, following the lackluster performances on Wall Street overnight amidst intensifying trade disputes," OIR added.

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