News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI up 0.03%

Expect muted gains today.

The Straits Times Index (STI) ended 1.16 or 0.03% higher at 3,331.98.

The top active stocks were DBS, which grew 0.19%, UOB, which increased 0.57%, Genting Sing, which remained unchanged, OCBC Bank, which rose 0.09%, and Singtel, which dipped 0.32%.

According to OCBC Investment Research (OIR), US stocks closed higher after a series of strong bank earnings led by JPMorgan boosted confidence in the U.S. economy whilst the Dow Jones Industrial Average rose nearly 270 points.

Ten out of eleven S&P 500 industries ended higher, led by Financials (1.93%) and Materials (1.31%) whilst Health Care (-0.14%) was the only loss. The index advanced 0.51% for the week.

“We think there is room for improvement in sentiment given the relatively good performance in the US markets overnight,” OIR said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.