News
STOCKS | Staff Reporter, Singapore
view(s)

Daily Markets Briefing: STI down 0.99%

Expect muted gains today.

The Straits Times Index (STI) ended 34.65 points or 0.99% lower to 3479.2, taking the year-to-date performance to +2.24%. 

The top active stocks were Venture, which declined 0.30%, OCBC Bank, which declined 1.14%, UOB, which declined 1.03% and Singtel, with a 0.30% fall.

The FTSE ST Mid Cap Index declined 0.34%, whilst the FTSE ST Small Cap Index declined 0.10%.

According to OCBC Investment Research, US stocks ended mostly higher on Friday, with the S&P 500 and the Nasdaq erasing an early decline to end higher as investors viewed the reaction to an announcement of tariffs as overdone.

Seven out of 11 S&P 500 industries ended higher, led by Health Care (1.01%) and Information Technology (0.97%) whilst Real Estate (-0.35%) led the declines. The index retreated 3.89% for the month.

"The mixed performances on Wall Street Friday are unlikely to bring much in terms of cues to the local bourse this morning," 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.