Daily Markets Briefing: STI down 0.14%

The wait for developments on geopolitical tensions could mute gains today.

The Straits Times Index (STI) ended 5.05 points or 0.14% lower to 3543.18, taking the year-to-date performance to +4.12%.

The top active stocks were DBS, which declined 0.75%, Singtel, which declined 0.29%, UOB, which gained 0.14%, Venture, which declined 2.71% and OCBC Bank, with a 0.61% fall.

The FTSE ST Mid Cap Index declined 0.23%, whilst the FTSE ST Small Cap Index declined 0.43%.

OCBC Investment Research noted that US stocks finished mostly lower, with major indices turning decisively negative in afternoon trading as uncertainty over trade policy and other geopolitical issues remained high.

Seven out of 11 S&P 500 industries ended lower, with losses led by Energy (-1.28%) and Industrials(-1.14%). Gains were registered by Financials (+0.60%) and Utilities (+0.39%).

"The muted performance on Wall Street overnight is likely to continue to weigh on the local sentiment today, as investors continue to monitor developments in the geopolitical space," OIR said.

Also Read

Daily Markets Briefing: STI down 0.7%; Top stock is DBS

Daily Markets Briefing: STI up 0.41%; Top stock is ST Engineering

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit