Daily Markets Briefing: STI up 0.22%

Trade relations continue to weigh down investor sentiment.

The Straits Times Index (STI) ended 7.46 points or 0.22% higher to 3449.96, taking the year-to-date performance to +1.38%.

The top active stocks were DBS, which gained 0.51%, Hongkong Land USD, which declined 0.43%, UOB, which gained 1.02%, Singtel, which declined 0.59%, and OCBC Bank, with a 0.31% advance.

The FTSE ST Mid Cap Index gained 0.06%, whilst the FTSE ST Small Cap Index rose 0.26%.

According to OCBC Investment Research, US stocks pared most of the day’s gains in the final minutes of trading, closing only slightly higher Monday following news reports that the Federal Bureau of Investigation raided the office of Michael Cohen, President Donald Trump’s personal lawyer.

Six out of eleven S&P 500 industries ended higher, led by Health Care (0.93%) and Information Technology (0.78%) while Telecommunication Services (-1.17%) and Industrials (-0.34%) led the declines.

"Despite the recovery on Wall Street overnight, we expect the local sentiment to remain cautious today as trade relations remain in focus," OCBC said.

Also Read

Digital Core REIT's net property income drops 9.5% in 1Q24

CapitaLand India Trust's net property income surges 18% YoY in 1Q24

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit