Daily Markets Briefing: STI up 0.09%

Don't expect gains today.

The Straits Times Index (STI) ended 29.27 or 0.09% higher at 3,279.78.

The top active stocks were DBS, which rose 1.88%, OCBC Bank, which soared 1.25%, UOB, which grew 1.26%, Singtel, which jumped 0.66%, and CapitaLand which remained unchanged.

The FTSE Mid Cap rose 0.28% whilst the FTSE Small Cap dipped 0.23%.

According to OCBC Investment Research, US stocks closed on a mixed note, as investors stayed on the sidelines a day after a rally inspired by upbeat manufacturing data out of China and the US.

Six out of eleven S&P 500 industries ended lower. The best performers were Real Estate (0.86%) and Communication Services (0.40%) whilst the worst performers were Consumer Staples (-0.84%) and Energy (-0.70%).

“We expect today’s tone to be soft, following the mixed performances on Wall Street overnight,” OIR said.