News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.61%

Investors are urged to take caution today.

The Straits Times Index (STI) ended 21.68 points or 0.61% lower to 3517.73, taking the year-to-date performance to +3.37%. 

The top active stocks were DBS, which declined 1.75%, Singtel, which gained 0.59%, UOB, which declined 0.83%, Genting Sing, which gained closed unchanged, and OCBC Bank, with a 0.74% fall.

The FTSE ST Mid Cap Index declined 0.42%, whilst the FTSE ST Small Cap Index rose 0.12%.

According to OCBC Investment Research, the S&P 500 fell for a fourth session Thursday, marking its worst string of losses so far this year, as worries about an escalating trade war overshadowed robust economic data. However, the Dow snapped a three-day losing streak as economy-sensitive blue chips outperformed the broader market.

Eight out of 11 S&P 500 industries ended lower, led by Materials (-1.28%) and Consumer Staples (-0.64%) whilst Industrials (0.33%) and Financials (0.09%) led the gains.

"The mixed performances on Wall Street overnight could keep local investors cautious today," OCBC 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.