STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 0.27%

Investors awaiting signals amidst the trade wars could mute gains today.

The Straits Times Index (STI) ended 9.1 points or 0.27% higher at 3328.95, taking the year-to-date performance to -2.17%.

The top active stocks today were DBS, which gained 0.71%, Singtel, which gained 0.31%, Venture, which gained 6.84%, OCBC Bank, which gained 0.26% and CapitaLand, with a 1.24% fall.

The FTSE ST Mid Cap Index gained 0.12%, while the FTSE ST Small Cap Index declined 0.09%. 

According to OCBC Investment Research, US stocks closed mostly lower after the Federal Reserve left interest rates unchanged but signalled another imminent rate increase. Fresh worries over US-China trade friction dampened sentiment although positive results from Apple buoyed the tech sector and helped the Nasdaq buck the weak trend.

Eight out of eleven S&P 500 industries ended lower, led by Energy (-1.33%) and Industrials (-1.28%) while Information Technology (0.97%) and Real Estate (0.70%) led the gains.

"The lacklustre performances on Wall Street overnight could dampen local sentiment, with investors awaiting the next signals in the US-China trade dispute," OCBC Investment Research noted.

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