Daily Markets Briefing: STI up 0.57%

Expect more cheers in the market today.

The Straits Times Index (STI) ended 18.99 points or 0.57% higher to 3325.07 on Wednesday, taking the year-to-date performance to +15.42%.

The top active stocks yesterday were NetLink NBN Trust, which closed unchanged, Global Logistic, which closed unchanged, DBS, which gained 0.28%, Singtel, which gained 0.51% and OCBC Bank, with a 1.08% advance.

OCBC Investment Research said the U.S. market reached new all-time highs with the main stock indices at record levels.

Meanwhile, all S&P 500 industries ended higher, with Energy (1.39%) and Materials (1.09%) leading the gains.

"The gains on Wall Street overnight could bring some cheer to the local bourse this morning," the brokerage firm said.

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