Market Update: STI down 0.04%

Wilmar International saw the sharpest decline during Thursday's trading, with a 1.52% drop.

The Straits Times Index ended 1.26 or 0.04% lower at 3,138.31 at the close of trading on Thursday, June 17.

Among the top active stocks were Frasers Logistics & Commercial Trust which grew 1.44%, SIA which grew 1.42%, and Jardine C&C which grew 1.16%.

Included in the bottom performers were YZJ Shipbldg SGD which fell 1.43% and OCBC Bank which fell 0.66%.

According to local news, investors adopted a risk-off sentiment after it was reported that the US Federal Reserve may scale back policy support as the US economy recovers from the COVID-19 pandemic.

The FTSE 100 Index ended 31.52 or 0.44% lower at 7,153.43, whilst the NYSE Composite Index ended 131.11 or 0.79% lower at 16,411.65 at the close of trading on Tuesday.