Daily Markets Briefing: STI up 0.54%
Don't expect any boost today.
The Straits Times Index (STI) ended 17.34 points or 0.54% higher to 3246.35 on Monday, taking the year-to-date performance to +12.69%.
The top active stocks yesterday were Singtel, which gained 1.04%, DBS, which gained 0.82%, YZJ Shipbldg SGD, which gained 4.00%, OCBC Bank, which gained 1.03% and UOB, with a 0.39% advance.
OCBC Investment Research said the Nasdaq and the S&P 500 finished higher as the pair of embattled sectors, technology and energy, drew bidders, while the Dow industrials closed fractionally lower.
Meanwhile, six of eleven S&P 500 industries ended lower, with Real Estate (-0.86%) and Consumer Staples (-0.69%) leading declines. Information Technology (0.82%) led gains.
"The muted showing on Wall Street overnight is unlikely to provide much of a boost to the local bourse this morning," the brokerage firm said.