STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 0.47%

Expect muted gains today.

The Straits Times Index (STI) ended 14.74 or 0.47% higher at 3,124.65.

The FTSE ST Mid Cap Index inched up 0.66%, whilst the FTSE ST Small Cap Index rose 0.47%.

The top active stocks are Singtel, which rose 0.32%%, DBS, which gained 0.70%, OCBC, which is up 0.36%, Sembcorp, which rose 0.34%, and UOB, with a 0.89%.

According to OCBC Investment Research, US stocks closed mostly higher, with the S&P 500 and the Dow bouncing back from lows. However, the Nasdaq’s effort to build on its recent gains hit a wall as shares of chip makers sunk and the unveiling of Apple’s new product lineup did not result in a share pop for the world’s most valued company.

Eight out of eleven sectors in the S&P 500 indices closed higher, led by Telecommunication Services (1.42%) and Consumer Staples (1.26%) whilst Financials (-0.89%) and Information Technology (-0.51%) led the losses.

"The continued positive performance from Wall Street overnight could continue to bring some relief the local markets but investors would be wary as President Trump’s proposes for a new round of trade talks with China," OCBC Investment Research 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.