News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.79%

Don't expect some gains today.

The Straits Times Index (STI) ended 28.33 points or 0.79% lower to 3548.74, taking the year-to-date performance to +4.29%.

The top active stocks were DBS, which declined 0.72%, Singtel, which declined 1.11%, UOB, which declined 1.36%, CapitaLand, which gained 0.52% and Keppel Corp, with a 1.02% fall.

The FTSE ST Mid Cap Index declined 0.69%, whilst the FTSE ST Small Cap Index declined 0.45%.

OCBC Investment Research noted that US stocks sold off for a second straight session on Tuesday, with the Dow suffering its biggest one-day drop in eight months, as heavy losses in health-care and energy shares weighed on the main indexes.

Ten out of 11 S&P 500 industries finished lower, with Health Care, which fell 2.13%, and Energy, which declined 2.02%, leading the declines whilst Utilities, which rose 0.17%, bucked the trend.

"Continued weakness on Wall Street overnight could keep local sentiment 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.