Daily Markets Briefing: STI up 1.29%

Expect some good news today.

The Straits Times Index (STI) ended 44.37 points or 1.29% higher to 3487.88, taking the year-to-date performance to +2.50%.

The top active stocks were DBS, which gained 0.53%, Singtel, which gained 3.00%, OCBC Bank, which gained 1.33%, Genting Sing, which gained 0.81% and SGX, with a 4.61% advance.

The FTSE ST Mid Cap Index gained 1.49%, whilst the FTSE ST Small Cap Index rose 1.62%.

The US stock market was closed on Monday for Presidents’ Day.

“With Wall Street closed last night, the local bourse could get off to a muted start this morning,” OCBC Investment Research said.

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