Daily Markets Briefing: STI down 0.58%

The rebound on Wall Street overnight could provide some inspiration to the local bourse today.

According to SGX, the Straits Times Index, (STI) ended 18.79 points or 0.58% lower to 3232.47, taking the year-to-date performance to +12.21%. The top active stocks were DBS, which declined 1.16%, UOB, which declined 0.97%, YZJ Shipbldg SGD, which gained 1.41%, Global Logistic, which closed unchanged and Singtel, with a 0.27% advance. The FTSE ST Mid Cap Index declined 0.56%, while the FTSE ST Small Cap Index declined 0.42%.

"As before, we keep the initial hurdle at 3320, ahead of 3350. On the downside, we continue to peg the immediate support at 3200, followed by the next support level at 3165. Overall volume climbed 11.1% with 1.9b units traded, and total value jumped 36.8% to S$1.1b, while average value/unit gained 23.0% to S$0.60," said OCBC.