Daily Markets Briefing: STI down 0.19%

Wall Street's mixed performance could make local sentiment cautious.

The Straits Times Index (STI) ended 6.08 points or 0.19% lower to 3209.47 on Monday, taking the year-to-date performance to +11.41%.

The top active stocks yesterday were Global Logistic, which declined 5.33%, DBS, which declined 0.44%, ComfortDelGro, which declined 1.25%, OCBC Bank, which gained 0.66% and Singtel, with a 0.53% advance.

OCBC Investment Research said the Dow industrials on Monday ended a string of daily losses at four, but the Nasdaq Composite faltered, putting pressure on the broader market.

Meanwhile, seven out of eleven S&P 500 industries ended higher, led by Utilities (0.78%) and Telecommunication Services (0.62%) while Information Technology (-0.59%) led the declines.

"The mixed performances on Wall Street overnight could cause local sentiment to be fairly cautious today," the brokerage firm noted.