Daily Markets Briefing: STI up 0.12%
Don’t expect gains today.
The Straits Times Index (STI) ended 3.8 or 0.12% higher at 3,273.50.
The top active stocks were DBS, which dipped 0.19%, OCBC Bank, which went up 0.71%, Singtel, which rose 0.96%, UOB, which grew 0.51%, and YZJ Shipbldg which fell 1.97%.
According to OCBC Investment Research (OIR), US stocks clawed back from early losses to close higher Friday after key negotiators cast a positive glow on trade talks.
Ten out of eleven S&P 500 industries ended higher, led by Utilities (1.73%) and Materials (1.27%) whilst Health Care (-0.07%) bucked the trend. The index retreated 2.18% for the week.
“Investors are likely to remain cautious today as trade tensions heightened over the weekend,” OIR said.