Daily Markets Briefing: STI up 0.19%

Expect muted gains today.

The Straits Times Index (STI) ended 5.99 or 0.19% higher at 3,213.65.

The top active stocks were DBS, which rose 0.16%, Genting Sing, which soared 2.97%, CapitaLand, which went up 1.15%, UOB, which fell 0.36%, and Singtel which dipped 0.67%.

The FTSE Mid Cap jumped 0.12% whilst the FTSE Small Cap dipped 0.04%.

According to OCBC Investment Research (OIR), US stocks closed higher on the back of a rally in the technology sector, whilsy shares of Apple Inc. surged, helping to propel the Dow.

Ten out of eleven S&P 500 industries ended higher, led by Information Technology (2.47%) and Real Estate (1.78%) with Financials (-0.30%) being the only loss.

"The strong performance on the back of the Fed’s signal to keep the rates unchanged for the rest of the year could give some confidence to the local sentiment," OIR said.