Daily Markets Briefing: STI down 0.15%

But expect some cheers in the local market today.

The Straits Times Index (STI) ended 4.74 points or 0.15% lower to 3216.92 on Friday, taking the year-to-date performance to +11.67%.

According to SGX Market Summary, the top active stocks were Singtel, which declined 0.80%, DBS, which gained 0.34%, Noble, which declined 8.09%, OCBC Bank, which gained 0.29% and SIA, with a 7.25% fall.

This came as U.S. stocks finished higher Friday for a second straight session of gains, but closed in negative territory for the week, unable to fully bounce back from sharp losses in the middle of the week sparked by White House drama, OCBC Investment Research said.

Meanwhile, all eleven S&P 500 industries ended higher, led by Industrials (1.36%) and Energy (1.24%). The index retreated 0.38% for the week.

Here's more from OCBC Investment Research:

The continued gains on Wall Street Friday could bring some cheer to the local bourse this morning.

As before, we maintain the initial hurdle at 3250, ahead of 3300; on the downside, we keep the immediate support at 3200, followed by the next support level at 3170.

Overall volume climbed 8.9% with 2.0b units traded, while total value fell 9.0% to S$1.2b, and average value/unit lost 16.4% to S$0.59.