STOCKS | Staff Reporter, Singapore

Daily Markets Briefing: STI up 1.14%

Expect muted gains today.

The Straits Times Index (STI) ended 37.08 points or 1.14% higher at 3277.58, taking the year-to-date performance to -3.68%.

The top active stocks were DBS, which gained 0.93%, Wheelock Prop, which rose 25.29%, Venture, which declined 1.18%, CapitaLand, which is up 1.93% and OCBC Bank, with a 0.90% advance.

The FTSE ST Mid Cap Index gained 1.18%, whilst the FTSE ST Small Cap Index rose 0.21%. 

OCBC Investment research noted that US stocks closed lower, as major indexes consolidated their gains after a five-day rally that was driven largely by optimism over the strength of corporate earnings.

Nine out of eleven S&P 500 industries ended lower, with Financials (-1.44%) and Telecommunication Services (-1.10%) leading the declines whilst Real Estate (1.01%) and Utilities (0.94%) gained.

"Local sentiment is likely to be cautious today, following the weak performances on Wall Street overnight," 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.