Daily Markets Briefing: STI up 0.28%

The local bourse could get off to a muted start today.

The Straits Times Index (STI) ended 8.99 points or 0.28% higher to 3244.89, taking the year-to-date performance to -4.64%.

The top active stocks today were DBS, which gained 0.73%, UOB, which rose 1.57%, Genting Sing, which slipped 2.48%, Singtel, which grew 1.66% and OCBC Bank, with a 0.44% advance.

The FTSE ST Mid Cap Index rose 0.33%, whilst the FTSE ST Small Cap Index declined 0.39%.

OCBC Investment Research noted that the US stock market was shut for the Independence Day holiday.

"With Wall Street closed overnight, the local bourse could get off to a muted start this morning," OCBC Investment Research said.

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