Daily Markets Briefing: STI up 0.12%

Sustained Wall Street gains could uplift the local bourse today.

The Straits Times Index (STI) ended 3.86 or 0.12% higher at 3,180.43.

The FTSE ST Mid Cap Index dipped 0.73%, whilst the FTSE ST Small Cap Index grew 0.58%.

The top active stocks were DBS, which inched up 0.12%, OCBC Bank, which slipped 0.12%, Keppel, which grew 0.17%, Singtel, which fell 0.10%, and Genting Sing, which closed unchanged.

According to OCBC Investment Research, US stocks closed higher, with both the Dow Jones Industrial Average and the S&P 500 setting records, as strong economic data helped to alleviate concerns over escalating US-China trade tensions. Blue chips helped to fuel the rally, with all but two of the Dow’s 30 components finishing in positive territory.

Ten out of eleven sectors in the S&P 500 indices closed higher, led by Information Technology (1.18%) and Consumer Staples (1.16%) whilst only Energy (-0.06%) closed lower.

"The continued positive performance on Wall Street overnight could possibly translate into a moderately positive, if not unchanged, sentiment in the local markets," OCBC Investment Research said.

Also Read

Daily Markets Briefing: STI up 01.08%; Top stock is DBS

Daily Markets Briefing: STI up 0.63%; Top stock is DBS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit