Daily Markets Briefing: STI down 0.91%

Investors are taking caution over trade tensions' effect on local sentiment.

The Straits Times Index (STI) ended 29.76 points or 0.91% lower to 3238.94, taking the year-to-date performance to -4.82%.

The top active stocks were DBS, which slipped 0.86%, Singtel, which fell 0.97%, UOB, which declined 0.49%, Genting Sing, which dipped 0.82% and OCBC Bank, with a 1.12% fall.

The FTSE ST Mid Cap Index declined 0.84%, whilst the FTSE ST Small Cap Index fell 0.44%.

OCBC Investment Research noted that US stocks kicked off the third quarter on a positive note Monday, with the main indexes reversing early losses to finish higher on the back of a rally in technology shares. However, worries over trade tensions between the US and its major trading partners lingered, weighing on investors’ sentiment.

Seven out of eleven S&P 500 industries ended higher, led by Information Technology (0.99%) and Utilities (0.79%) whilst Energy (-1.55%) and Consumer Staples (-0.50%) led the declines.

"Despite the gains on Wall Street overnight, we expect the local bourse to trade cautiously today as trade tensions continue to weigh on local sentiment," OIR said.

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