Daily Markets Briefing: STI down 0.03%

Expect muted gains today.

The Straits Times Index (STI) ended 0.03% lower at 3,347.58.

The top active stocks were DBS, which dipped 0.33%, OCBC Bank, which went up 0.43%, Genting Sing, which remained unchanged, UOB, which fell 0.26%, and SingTel, which jumped 0.64%.

According to OCBC Investment Research (OIR), the US stock market was closed on Friday for the Good Friday holiday.

During electronic trading, May WTI Crude increased by 56 cents, or 0.87%, to stay at US$64.56/barrel whilst Jun Brent increased by 61 cents, or 0.85%, to hover at US$72.58/barrel. For the week, WTI and Brent rose 0.17% and 0.59% respectively.

"With the U.S market closed Friday, the local bourse could get off to a muted start this morning," OIR said.

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