Daily Markets Briefing: STI down 0.37%

Expect a cautious tone today.

The Straits Times Index ended 11.87 or 0.37% at 3,155.92.

The top active stocks were DBS, which fell 0.31%, OCBC, which dipped 0.06%, UOB, which slipped 0.04%, Singtel, which gained 0.01%, and SPH, with a 0.01% advance.

The FTSE Mid Cap rose 1.05% whilst the FTSE Small Cap dipped 0.78%.

OCBC Investment Research (OIR) noted that the US market was closed for a national day of mourning to honour former President George H.W. Bush.

European markets slipped, as questions were raised over the endurance of the temporary trade agreement between the US and Chinese officials at the G-20 last weekend.

"We expect investors to remain cautious today, amid the uncertainty over the progress on trade deal," OIR said.

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