Daily Markets Briefing: STI down 0.12%

It may continue to slide modestly today.

According to SGX, the Straits Times Index (STI) ended 3.68 points or 0.12% lower to 3165.7 yesterday, taking the year-to-date performance to +9.89%.

The top active stocks were DBS, which declined 0.68%, Keppel Corp, which declined 0.29%, Kimly, which closed unchanged, Singtel, which gained 0.25% and SPH, with a 0.57% advance. The FTSE ST Mid Cap Index declined 0.28%, while the FTSE ST Small Cap Index declined 0.21%.

OCBC says STI may continue to slide modestly today amid weak morning cues from Kospi and Nikkei. "STI range is tipped to be between 3140-3180. With the UST bond yield curve continue to flatten led longer-dated bonds, the SGS market is likely to follow suit today."