Daily Markets Briefing: STI up 0.3%

Wall Steet's gains could buoy the local market today.

The Straits Times Index (STI) ended 10.12 or 0.3% higher at 3357.7.

The top active stocks were DBS, which rose 0.18%, Keppel Corp, which soared 2.47%, UOB, which went up 0.60%, OCBC Bank, which grew 0.09%, and ThaiBev, which jumped 0.61%.

According to OCBC Investment Research (OIR), US stocks closed mostly stronger Monday, with the tech-heavy Nasdaq finishing at a six-month high, as investors face a big week for corporate quarterly results and economic data following an extended holiday weekend.

Four out of eleven S&P 500 industries ended higher, led by Energy (2.05%) and Communication Services (0.73%) whilst Real Estate (-1.05%) and Materials (-0.67%) led the losses.

"Local sentiment is likely to remain fairly buoyant this morning, following the gains on Wall Street overnight," OIR said.

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