Daily Markets Briefing: STI down 0.35%

Investors are urged to take caution.

The Straits Times Index (STI) ended 12.52 points or 0.35% lower to 3532.86, taking the year-to-date performance to +3.82%.

The top active stocks were OCBC Bank, which declined 3.52%, DBS, which gained 0.59%, Venture, which gained 5.36%, UOB, which gained 0.76% and Singtel which closed unchanged.

The FTSE ST Mid Cap Index declined 0.11%, whilst the FTSE ST Small Cap Index rose 0.35%.

OCBC Investment Research noted that U.S. stock benchmarks finished higher on Monday, but well off the peak of the day, as energy shares pulled back following a late-afternoon tweet from President Donald Trump indicated that a decision was imminent on whether the U.S. would decertify a 2015 Iran nuclear pact.

Seven out of eleven S&P 500 industries ended higher, with Information Technology (0.79%) and Industrials (0.69%) leading the gains whilst Consumer Staples (-0.65%) and Telecommunication Services (-0.61%) led the declines.

“Despite the gains on Wall Street overnight, local sentiment could be cautious today as investors await more clarity about the Iran deal,” OCBC added.

Also Read

Daily Markets Briefing: STI up 1.47%; Top stock is DBS

Daily Markets Briefing: STI up 1.41%; Top stock is DBS

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