News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.63%

Wall Street's strength could fuel gains today.

The Straits Times Index (STI) ended 20.59 points or 0.63% lower at 3265.73, taking the year-to-date performance to -4.03%.

The top active stocks today were DBS, which fell 1.40%, UOB, which declined 0.41%, CapitaLand, which slipped 0.95%, OCBC Bank, which gained 0.09% and Singtel, with a 0.94% fall.

The FTSE ST Mid Cap Index slipped 1.03%, whilst the FTSE ST Small Cap Index dipped 0.42%. 

According to OCBC Investment research, US stocks ended the week on a high note and the S&P 500 and Dow recorded a fifth weekly gain in a row, largely underpinned by solid earnings reports throughout the week, shaking off some weakness in July employment and trade-war anxieties.

Ten out of eleven S&P 500 industries ended higher, led by Real Estate (1.28%) and Consumer Staples (1.17%) whilst Energy (-0.46%) bucked the trend. The index was up 3.60% for the month.

"The strength on Wall Street Friday could provide a lift to local sentiment today," OCBC Investment Research 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.