Expect muted gains today.
The Straits Times Index (STI) ended 18.58 or 0.57% higher at 3,278.38.
The top active stocks were DBS, which dipped 0.08%, Singtel, which rose 1.67%, UOB, which increased 0.7%, OCBC, which inched up 0.26%, and Sembcorp Marine with a 6.33% advance.
The FTSE Mid Cap grew 0.82% whilst the FTSE Small Cap rose 0.5%.
According to OCBC Investment Research (OIR), stock indexes closed moderately higher Wednesday, with the Nasdaq up for an eighth session in a row, following the release of minutes from the Federal Reserve’s January meeting, which showed the policy-setting committee was split on the path for interest rates.
"The gains on Wall Street overnight could keep local sentiment fairly buoyant today," OIR said.
Do you know more about this story? Contact us anonymously through this link.