News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.94%

Wall Street gains could uplift the local bourse today.

The Straits Times Index (STI) ended 30.44 or 0.38% lower at 3,213.92.

The FTSE ST Mid Cap Index fell 1.91%, whilst the FTSE ST Small Cap Index slipped -1.35%.

The top active stocks were DBS, which dipped 1.27%, Singtel, which fell 0.92%, OCBC Bank, which slid 1.05%, UOB, which grew 0.04%, and Keppel, with a 1.21% fall.

According to OCBC Investment Research, US stocks finished mostly higher, with the major benchmarks posting strong weekly gains and a strong finish in August.

Six out of eleven S&P 500 industries ended higher, led by Real Estate (0.42%) and Consumer Discretionary (0.37%) whilst Energy (-0.73%) and Utilities (-0.45%) led the declines. The index advanced 3.03% for the month.

"We expect the STI to attempt to claw higher today amidst the modest gains on Wall Street Friday," OCBC Investment Research noted."

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.