Daily Markets Briefing: STI down 0.52%

The pullback on Wall Street could weigh on the local bourse.

The Straits Times Index (STI) ended 16.76 points or 0.52% lower to 3230.42 on Tuesday, taking the year-to-date performance to +12.14%.

The top active stocks were Noble, which gained 6.32%, DBS, which declined 0.73%, UOB, which declined 0.73%, Singtel, which declined 0.26% and JMH USD, with a 1.78% fall.

OCBC Investment Research said this came as US stocks closed lower with investors dumping energy shares after crude-oil prices sank into bear-market territory.

Meanwhile, nine out of the eleven S&P 500 industries ended lower, with Consumer Discretionary (-1.25%) and Energy (-1.25%) leading the declines while Health Care (0.33%) and Utilities (0.05%) gained.

"The pullback on Wall Street overnight could weigh on the local sentiment this morning," the brokerage firm noted.