Wall Street's weakness amidst trade tension woes could hurt gains today.
The Straits Times Index (STI) ended 20.25 points or 0.62% higher to 3297.83, taking the year-to-date performance to -3.09%.
The top active stocks were DBS, which gained 0.61%, Singtel, which rose 1.53%, Genting Sing, which is up1.59%, Venture, which fell 2.34% and Keppel Corp, with a 1.87% advance.
The FTSE ST Mid Cap Index declined 0.09%, whilst the FTSE ST Small Cap Index rose 0.09%.
According to OCBC Investment Research, US stocks finished pretty much where they started the session and the week as losses in consumer-discretionary and energy sectors offset a rise in staples and financials, ahead of an earnings season that is set to kick into high gear next week.
Eight out of eleven S&P 500 industries ended lower, led by with Real Estate (-0.92%) and Utilities (-0.76%) whilst Consumer Staples (0.59%) and Financials (0.20%) led the gains. The index was up 0.02% for the week.
"The weakness on Wall Street Friday could weigh on local sentiment amidst the re-emergence of trade tensions between the U.S. and its international counterparts," OCBC Investment Research said.
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