Daily Markets Briefing: STI up 0.33%

Don't expect any boost from Wall Street today.

The Straits Times Index (STI) ended 10.81 points or 0.33% higher to 3298.24 on Monday, taking the year-to-date performance to +14.49%.

The top active stocks yesterday were Global Logistic, which gained 0.61%, DBS, which gained 1.61%, Singtel, which gained closed unchanged, OCBC Bank, which gained 0.36% and UOB, with a 0.63% advance.

OCBC Investment Research said the US stock market closed with little change whilst investors look forward to key quarterly results that would be released this week.

Meanwhile, seven out of 11 S&P 500 industries ended higher, with Utilities (0.39%) leading the gains, while Health Care (-0.3%) led the declines.

"The muted showing on Wall Street overnight is unlikely to provide much of a boost to the local bourse this morning," OCBC Investment Research said.

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