Don't expect gains today.
The Straits Times Index (STI) ended 27.56 points or 0.85% lower at 3232.79, taking the year-to-date performance to -5.00%.
The top active stocks were DBS, which declined 1.45%, OCBC Bank, which fell 1.42%, UOB, which slipped 1.92%, Singtel, which gained 0.62% and Venture, with a 0.24% advance.
The FTSE ST Mid Cap Index declined 0.59%, whilst the FTSE ST Small Cap Index slipped 0.07%.
OCBC Investment Research noted that the Dow industrials bucked the trend of an otherwise downbeat session as upbeat economic data and a fresh round of quarterly results failed to stoke buying appetite.
Eight out of eleven S&P 500 industries ended lower, with the decliners led by Energy (-1.18%) and Materials (-0.80%) whilst Financials (1.80%) and Telecommunication Services (0.47%) led the gainers.
"The mixed performances on Wall Street overnight are unlikely to bring much inspiration to the local bourse today," OCBC Investment Research said.
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