News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI up 0.15%

Expect some gains today.

The Straits Times Index (STI) ended 5.13 points or 0.15% higher to 3485.57, taking the year-to-date performance to +2.43%.

The top active stocks were DBS, which declined 0.35%, Singtel, which gained 0.30%, UOB, which gained 0.14%, OCBC Bank, which declined 0.45% and Venture, with a 1.19% advance.

The FTSE ST Mid Cap Index gained 0.19%, whilst the FTSE ST Small Cap Index rose 0.20%.

OCBC Investment Research noted that the Dow closed back above 25,000 and the Nasdaq ended at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminium to focus on an unexpectedly strong jobs report.

Ten out of 11 S&P 500 industries ended higher, led by Financials (2.48%) and Industrials (2.17%) whilst Telecommunication Services (-0.06%) lost ground. The index rallied 3.5% for the week.

"The gains on Wall Street Friday are likely to provide a modest boost to the local bourse today, potentially extending the STI’s gains in the previous session," OCBC 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.