Daily Markets Briefing: STI up 0.25%

Amongst the top active stocks were DBS and UOB.

The Straits Times Index (STI) ended 8.05 points or 0.25% higher to 3267.62, taking the year-to-date performance to +13.43%.

The top active stocks were DBS, which gained 1.08%, Global Logistic, which gained 0.31%, UOB, which gained 0.47%, OCBC Bank, which gained 0.64% and Singtel, with a closed unchanged. The FTSE ST Mid Cap Index gained 0.31%, while the FTSE ST Small Cap Index declined 0.06%. For longer term observations please go to sgx.com/research.

OCBC said that the mixed performances on Wall Street overnight and Dow futures dropped nearly 100 points following report of North Korean missile test are likely to weigh on local bourse this morning.

"We peg the initial hurdle at 3320, ahead of 3350; on the downside, we peg the immediate support at 3200, followed by the next support level at 3165. Overall volume tumbled 24.2% with 1.3b units traded, and total value fell 18.7% to S$0.8b, and average value/unit rose 3.5% to S$0.59," it said.

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