Daily Markets Briefing: STI up 0.92%

Expect some muted gains today.

The Straits Times Index (STI) ended 32.58 points or 0.92% higher to 3570.17, taking the year-to-date performance to +4.91%.

The top active stocks were DBS, which gained 2.18%, Genting Sing, which gained 10.35%, OCBC Bank, which gained 0.08%, Sheng Siong, which gained 2.00% and UOB, with a 2.28% advance.

The FTSE ST Mid Cap Index gained 0.28%, whilst the FTSE ST Small Cap Index rose 0.23%

According to OCBC Investment Research, US stocks ended mostly higher Friday, with the Dow posting its longest win streak since late last year.

Five out of 11 S&P 500 industries ended higher, led by Telecommunication Services (2.09%) and Health Care (1.47%) whilst Real Estate (-0.49%) and Information Technology (-0.32%) led the declines. The index advanced 2.41% for the week.

"The modest gains on Wall Street Friday are unlikely to provide a strong boost to the local bourse today," OIR said.