Daily Markets Briefing: STI up 0.19%

Expect some gains today.

The Straits Times Index (STI) ended 6.43 or 0.19% higher at 3,322.64.

The top active stocks were Golden Agri-Resources, which edged up 1.59%, Genting Sing, which rose 1.55%, Venture Corp, which climbed 1.51%, Yangzijiang Shipbuilding Holdings, which increased 1.26%, and Singapore Press Holdings with a 1.2% advance.

The FTSE Mid Cap dropped 0.48% whilst the FTSE Small Cap rose 1.88%.

According to OCBC Investment Research (OIR), US stocks closed higher Friday, with the S&P 500 logging its longest win streak since October 2017, as investors cheered a solid jobs report and upbeat comments on prospects for a US-China trade deal.

Ten out of eleven S&P 500 industries ended higher, led by Energy (1.69%) and Utilities (1.00%), whilst Materials (-0.05%) bucked the trend.

"Today's sentiment is likely to remain upbeat, following the gains on Wall Street Friday," OIR said.