Do not expect boosts for now.
The Straits Times Index (STI) ended 3.32 points or 0.1% lower to 3310.8 on Monday, taking the year-to-date performance to +14.93%.
The top active stocks yesterday were DBS, which declined 0.09%, Singtel, which gained 0.26%, OCBC Bank, which declined 0.45%, Global Logistic, which declined 0.30% and Rowsley, with a 2.87% fall.
OCBC Investment Research said the Nasdaq finished at a record, shaking off broader market weakness as investors kicked off a busy week of earnings, a Federal Reserve policy meeting and economic data.
Meanwhile, nine out of eleven S&P 500 industries ended lower, with Telecommunication Services (-1.02%) and Utilities (-0.93%) leading the losses, while Financials (0.31%) and Information Technology (0.25%) gained.
"The mixed showings on Wall Street overnight are unlikely to bring any inspiration to the local bourse today," the brokerage firm said.
Do you know more about this story? Contact us anonymously through this link.