Daily Markets Briefing: STI up 0.32%

Don't expect any boost today.

The Straits Times Index (STI) ended 10.6 points or 0.32% higher to 3348.8 on Wednesday, taking the year-to-date performance to +16.25%.

The top active stocks yesterday were OCBC Bank, which gained 0.35%; DBS, which gained 1.09%; Singtel, which declined 0.52%; UOB, which gained 0.29%; and Global Logistic, with a closed unchanged.

OCBC Investment Research said the Dow traded and finished above the 22,000 threshold for the first time, with sharp gains for Apple helping the blue-chip index to notch its seventh straight daily rise as the S&P 500 and the Nasdaq struggled.

Meanwhile, five out of eleven S&P 500 industries ended higher. The best performer was Information Technology (0.49%) and worst performer was Telecommunication Services (-1.33%).

" The mixed performances on Wall Street overnight are unlikely to provide much of a strong boost to the local bourse today," the brokerage firm said.

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