Daily Markets Briefing: STI down 0.94%

Wall Street gains could uplift the local bourse today.

The Straits Times Index (STI) ended 30.44 or 0.38% lower at 3,213.92.

The FTSE ST Mid Cap Index fell 1.91%, whilst the FTSE ST Small Cap Index slipped -1.35%.

The top active stocks were DBS, which dipped 1.27%, Singtel, which fell 0.92%, OCBC Bank, which slid 1.05%, UOB, which grew 0.04%, and Keppel, with a 1.21% fall.

According to OCBC Investment Research, US stocks finished mostly higher, with the major benchmarks posting strong weekly gains and a strong finish in August.

Six out of eleven S&P 500 industries ended higher, led by Real Estate (0.42%) and Consumer Discretionary (0.37%) whilst Energy (-0.73%) and Utilities (-0.45%) led the declines. The index advanced 3.03% for the month.

"We expect the STI to attempt to claw higher today amidst the modest gains on Wall Street Friday," OCBC Investment Research noted."

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