News
MARKETS & INVESTING | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.22%

Expect some good news today.

The Straits Times Index (STI) ended 7.77 points or 0.22% lower to 3512.68, taking the year-to-date performance to +3.23%.

The top active stocks were JMH USD, which gained 0.21%, DBS, which declined 0.38%, Singtel, which declined 0.28%, OCBC Bank, which gained 0.31%, and CityDev, with a closed unchanged advance.

The FTSE ST Mid Cap Index declined 0.31%, whilst the FTSE ST Small Cap Index declined 0.67%.

According to OCBC Investment Research, US stock benchmarks resumed their climb to close at records on Thursday, a day after the S&P 500 and Nasdaq suffered the first down day of the year on anxieties about the appetite for Treasurys from the world’s second-largest economy, China.

Eight out of 11 S&P 500 industries finished higher, led by Energy, which rose 2.03%, and Consumer Discretionary, which rose 1.62%, whilst Real Estate, which dipped 0.67%, and Utilities, which dipped 0.35%, led the declines.

"The rebound on Wall Street overnight could lift local sentiment today," OCBC said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.