Daily Markets Briefing: STI down 1.19%

Daily Markets Briefing: STI down 1.19%

Don't expect gains today.

The Straits Times Index (STI) ended 40.85 points or 1.19% lower to 3397.21, taking the year-to-date performance to +17.93%.

The top active stocks were DBS, which declined 2.26%, UOB, which declined 1.98%, Singtel, which gained 0.80%, OCBC Bank, which declined 3.04% and Global Logistic, with a 0.30% fall.

The FTSE ST Mid Cap Index declined 0.59%, while the FTSE ST Small Cap Index declined 0.64%.

According to OCBC Investment Research, US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector.

Six out of 11 S&P 500 industries finished lower, led by Energy, which dropped 1.29%, and Telecommunication Services, which dropped 0.94%, whilst Information Technology, which rose 0.75%, led the gains.

"The mixed performances on Wall Street overnight are unlikely to provide much in terms of cues to local bourse this morning," OCBC said.



More From Singapore Business Review