Business sentiment has been largely subdued.
The Straits Times Index (STI) ended 11.35 points or 0.33% lower to 3476.53, taking the year-to-date performance to +2.16%.
The top active stocks yesterday were DBS, which gained 0.81%, Genting Sing, which gained 3.20%, UOB, which declined 0.29%, Singtel, which declined 1.46% and OCBC Bank, with a 0.93% fall.
The FTSE ST Mid Cap Index declined 0.42%, whilst the FTSE ST Small Cap Index declined 0.13%.
“The weakness on Wall Street overnight is likely to dampen the local sentiment today,” OCBC Investment Research said.
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