Daily Markets Briefing: STI down 0.09%

Don't expect gains today.

The Straits Times Index (STI) ended 3.04 points or 0.09% lower to 3235.9, taking the year-to-date performance to -4.91%.

The top active stocks today were DBS, which dipped 0.87%, Genting Sing, which closed unchanged, Singtel, which declined 0.98%, UOB, which rose 0.38% and OCBC Bank, with a 0.35% fall.

The FTSE ST Mid Cap Index gained 0.31%, whilst the FTSE ST Small Cap Index rose 0.02%.

According to OCBC Investment Research, US stock-market indexes closed lower, reversing earlier gains as losses in the technology and financials sectors outweighed advances in energy, telecoms and real-estate shares.

Five out of eleven S&P 500 industries ended lower, with Information Technology (-1.37%) and Financials (-1.05%) leading the declines while Telecommunication Services (1.16%) and Energy (0.72%) led the gains.

"We expect today’s tone to remain soft as trade tensions continue to weigh on local sentiment, pushing the STI ever close to its 3230 immediate support," OCBC Investment Research noted.

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