Daily Markets Briefing: STI down 0.18%

Expect some support from Wall Street today.

The Straits Times Index (STI) ended 5.85 points or 0.18% lower to 3320.67 on Monday, taking the year-to-date performance to +15.27%.

The top active stocks yesterday were DBS, which declined 1.58%; Venture, which gained 7.51%; UOB, which gained 0.92%; Singtel, which declined 0.52%; and OCBC Bank, with a 0.89% fall.

According to OCBC Investment Research, this came as US stocks closed higher, with the S&P 500 ending at a record and the Dow extending its streak of such closing highs to nine sessions.

Meanwhile, seven out of eleven S&P 500 industries ended higher, led by Consumer Staples (0.72%) and Information Technology (0.59%) while Energy (-0.86%) led the losses.

"The continued gains on Wall Street overnight could provide some support to the local bourse today," the brokerage firm said.

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