STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 0.29%

Don’t expect gains today.

The Straits Times Index (STI) ended 9.17 or 0.29% higher at 3,169.89.

The top active stocks were DBS, which grew 0.04%, YZJ Shipbldg, which dipped 0.73%, Singtel, which went up 0.96%, UOB, which increased 0.24%, and SGX, which jumped 2.15%.

The FTSE Mid Cap grew 0.47% whilst the FTSE Small Cap rose 0.47%.

According to OCBC Investment Research (OIR), US stocks closed higher Friday ahead of the long weekend as trade-war fears receded somewhat following reports President Donald Trump may ease restrictions against Huawei Technologies Inc. as part of a bigger trade deal with China.

Nine out of eleven S&P 500 industries ended higher, led by Financials (0.77%) and Materials (0.50%) whilst Consumer Staples (-0.40%) and Utilities (-0.21%) lost ground. The index posted 1.17% weekly losses.

“Despite the mild rebound on Wall Street Friday, we expect the overall sentiment to remain cautious today,” 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.