Daily Markets Briefing: STI up 0.24%

Don't expect any boost today.

The Straits Times Index (STI) ended 7.84 points or 0.24% higher to 3306.08 on Tuesday, taking the year-to-date performance to +14.76%.

The top active stocks yesterday were Global Logistic, which gained 0.60%, DBS, which gained 1.68%, Singtel, which declined 0.26%, SPH, which declined 2.64% and OCBC Bank, with a 0.09% fall.

OCBC Investment Research said both the S&P 500 and the Nasdaq closed at records as tech stocks gained whilst telecom services and energy shares declined.

Meanwhile, five out of 11 S&P 500 industries ended higher, with Information Technology (0.54%) leading the gains, while Telecommunication Services (-0.98%) led the declines.

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

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