News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI up 0.37%

But expect investors to remain cautious today.

The Straits Times Index (STI) ended 12.11 points or 0.37% higher to 3272.16 on Thursday, taking the year-to-date performance to +13.59%.

The top active stocks yesterday were DBS, which declined 0.44%; Singtel, which gained 0.27%; Rowsley, which declined 4.13%; OCBC Bank, which gained 0.36%; and UOB, with a 1.15% advance.

According to OCBC Investment Research, the U.S. stocks closed slightly lower Thursday, after a session of switching between small gains and losses, during a seasonally low-volume period prone to swings, as investors focused on a symposium of central bankers in Jackson Hole, Wyo.

Meanwhile, ten out of eleven S&P 500 industries finished lower, with Consumer Staples (-1.34%) and Industrials (-0.39%) leading the losses while Health Care (0.28%) gained.

"The continued weakness on Wall Street overnight could cause investors to remain cautious today," the brokerage firm 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.