Daily Markets Briefing: STI up 0.85%

Find out who the biggest gainers were.

According to KGI Fraser, Asian markets mostly ended the day higher after a disappointing Monday, though the Shanghai composite index was down 0.25%.

Total trading volume for China hit a one-month low as Chinese investors wait on the sidelines for more details on China’s upcoming 13th five-year plan, KGI Fraser said.

Here’s more from KGI Fraser:

The STI managed to reverse course, tracking other markets in the region as the index climbed higher by 0.85% or 25.15 points to reach 2,999.56 after enduring five straight sessions of losses.

Gainers include DBS (S$17.60; BUY TP S$20.38), OCBC (S$9.140; BUY TPS$10.00) and SIA (S$10.98; +3.5%) while decliners include GLP (S$2.22; -1.3%), ST Engineering (S$3.30; -1.2%) and Ascendas REIT (S$2.33; -0.9%).