Daily Markets Briefing: STI down 0.12%

Expect a muted start for the local bourse.

The Straits Times Index (STI) ended 3.78 or 0.12% lower at 3,220.56.

The top active stocks were DBS, which slipped 0.52%, Singtel, which fell 0.98%, UOB, which dropped 0.41%, Genting Sing, which climbed 1.85%, and OCBC with a 0.17% fall.

The FTSE Mid Cap rose 1.9% whilst the FTSE Small Cap grew 1.24%.

According to OCBC Investment Research, the US stock market was closed for Martin Luther King Jr. Day on Monday.

"With the US market closed overnight, the local bourse could get off to a muted start today," OIR said.

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