Daily Markets Briefing: STI up 0.29%

Investors are urged to take caution today.

The Straits Times Index (STI) ended 10.31 points or 0.29% higher to 3543.17, taking the year-to-date performance to +4.12%.

The top active stocks were DBS, which gained 0.07%, OCBC Bank, which declined 0.68%, Venture, which gained 4.12%, Singtel, which gained 0.57% and UOB, with a 0.17% advance.

The FTSE ST Mid Cap Index gained 0.24%, whilst the FTSE ST Small Cap Index declined 0.39%.

OCBC Investment Research (OIR) noted that US stocks came off their lows on Tuesday to end a choppy session little changed, after President Donald Trump, as expected, announced the US would pull out of a multilateral nuclear deal with Iran.

Seven out of 11 S&P 500 industries ended lower, with Utilities (-2.51%) and Telecommunication Services (-1.30%) leading the declines. Energy (0.78%) and Industrials (0.72%) led the gains.

"The muted performances on Wall Street overnight could cause local sentiment to remain cautious today, as investors assess the implications of President Trump’s decision to scrap the Iran nuclear deal," 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