STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 0.07%

Expect muted gains today.

The Straits Times Index (STI) ended 2.26 or 0.07% higher at 3,200.18.

The top active stocks were DBS, which went up 0.16%, Singtel, which rose 1.34%, SGX, which grew 0.27%, UOB, which edged up 0.76%, and OCBC Bank which jumped 0.81%.

The FTSE Mid Cap dipped 0.53% whilst the FTSE Small Cap rose 0.01%.

According to OCBC Investment Research (OIR), US stocks closed higher, with the S&P 500 and the Nasdaq finishing at five-month highs, as market sentiment was buoyed by encouraging headlines on US-China trade negotiations and Chinese assurances of forthcoming economic stimulus.

Eight out of eleven S&P 500 industries ended higher, led by Information Technology (1.21%) and Consumer Discretionary (0.71%) whilst Real Estate (-0.38%) and Industrials (-0.25%) led the declines. The index rallied 2.89% for the week.

“Today’s tone is likely to be fairly buoyant following the gains on Wall Street Friday,” 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.