Daily Markets Briefing: STI down 0.76%

Expect more losses today.

The Straits Times Index (STI) ended 23.41 points or 0.76% lower to 3044.08 on Thursday, taking the year-to-date performance to +5.60%.

The top active stocks today were DBS, which declined 0.53%, UOB, which declined 1.67%, Singtel, which declined 1.02%, OCBC Bank, which declined 0.32% and Global Logistic, with a 0.39% advance.

OCBC Investment Research said this came as U.S. stocks closed mostly lower after bouncing as concerns about President Donald Trump’s approach on foreign affairs amid spats with key allies and trade partners cast a pall over the market.

Meanwhile, six out of eleven S&P 500 industries ended higher, led by Real Estate (1.25%) while Telecommunication Services (-1.25%) led the losses.

"The muted showing on Wall Street overnight could weigh on local sentiment, potentially extending STI’s losses yesterday," OCBC noted.

Here's more from the firm:

As before, we peg the initial hurdle at 3100, ahead of 3140; on the downside, we peg the immediate support at 3025, ahead of 3000.

Overall volume rose 33.6% with 2.5b units traded, and total value dipped 9.3% to S$1.1b, while average value/unit fell 32.1% to S$0.43.

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