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Daily Markets Briefing: STI up 0.2%
Expect muted gains today.
The Straits Times Index (STI) ended 6.55 or 0.2% higher at 3,230.26.
The top active stocks were DBS, which rose 1.1%, YZJ Shipbldg, which jumped 2.06%, UOB, which went up 0.24%, Singtel, which grew 0.32%, and OCBC Bank, which increased 0.27%.
According to OCBC Investment Research (OIR), US stocks clawed back from early losses to close higher Friday after key negotiators cast a positive glow on trade talks.
All eleven S&P 500 industries ended higher, led by Materials (1.34%) and Financials (1.09%).
“The gains on Wall Street overnight could help lift local sentiment, but we expect the overall sentiment to remain cautious,” OIR said.
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