Investors are urged to take caution today.
The Straits Times Index (STI) ended 12.7 points or 0.38% higher at 3319.85, taking the year-to-date performance to -2.44%.
The top active stocks were DBS, which gained 0.41%, OCBC Bank, which gained 0.43%, UOB, which gained 0.15%, CapitaLand, which closed unchanged and Singtel, with a 0.31% advance.
The FTSE ST Mid Cap Index declined 0.22%, whilst the FTSE ST Small Cap Index declined 0.16%.
OCBC Investment Research noted that US stock-market indexes closed higher Tuesday, but off their session highs, following news that the Trump administration made little progress in resolving its trade dispute with China.
Eight out of eleven S&P 500 industries ended higher, led by Industrials (2.12%) and Real Estate (1.90%). Telecommunication Services (-0.77%) and Financials (-0.68%) led the declines.
"Despite the gains on Wall Street overnight, local bourse is likely to tread cautiously today, amid the re-emergence of US-China trade tensions overnight," OIR said.
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