Daily Markets Briefing: STI down 0.29%

Expect more good news today.

The Straits Times Index (STI) ended 9.43 points or 0.29% lower to 3236.65, taking the year-to-date performance to +12.35%.

The top active stocks today were Singtel, which gained 0.27%, DBS, which declined 0.28%, Global Logistic, which gained 0.30%, Genting Sing, which gained 2.10% and OCBC Bank, with a 0.18% fall.

The FTSE ST Mid Cap Index remain unchanged, whilst the FTSE ST Small Cap Index rose 0.11%.

According to OCBC Investment Research, US stocks posted modest gains Wednesday, extending their recent streak of advances that’s taken all major benchmarks to record levels.

Six out of 11 S&P 500 industries finished higher, led by Utilities at 1.06% and Real Estate at 0.83%, whilst Financials which dipped 0.32% and Information Technology which fell -0.15% led the losses.

"Continued strength on Wall Street overnight could provide a lift to the local bourse today," OCBC said.

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