News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI up 0.95%

Expect some bad news today.

The Straits Times Index (STI) ended 32.13 points or 0.95% higher to 3415.9, taking the year-to-date performance to +0.38%.

The top active stocks were DBS, which gained 5.32%, Singtel, which declined 1.16%, OCBC Bank, which gained 0.99%, UOB, which gained 1.14% and CapitaLand, with a 1.71% advance.

The FTSE ST Mid Cap Index declined 0.42%, whilst the FTSE ST Small Cap Index declined 0.11%.

OCBC Investment Research noted that the S&P 500 and the Dow extended their decline to close in correction territory Thursday after stocks went into a free fall late in the session on concerns about mounting volatility and worries about inflation and rising bond yields.

All eleven S&P 500 industries finished lower, led by Financials, which fell 4.51%, and Information Technology, which fell 4.22%.

"The tumble on Wall Street overnight is likely to weigh heavily on the local sentiment this morning, pushing the STI south today," OCBC 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.