Daily Markets Briefing: STI up 0.09%

The US Thanksgiving holiday could mute gains today.

The Straits Times Index (STI) ended 2.73 or 0.09% higher at 3,041.38.

The top active stocks were DBS, which closed unchanged, Singtel, which rose 0.02%, UOB, which slipped 0.22%, OCBC, which dipped 0.09%, and YZJ, with a 0.01% advance.

The FTSE Mid Cap dipped 0.18% whilst the FTSE Small Cap rose 1.59%.

OCBC Investment Research (OIR) noted that the US market was closed for the Thanksgiving Day holiday.

European stocks fell, with oil, bank and drug stocks leading the way south in trading that will lack the participation later by the US, as those markets are closed for the Thanksgiving holiday.

"With the US market closed last night, the local market could get off to a muted start this morning," OIR said.