Daily Markets Briefing: STI down 0.41%

Continued US-China trade negotiation optimism may boost the local bourse.

The Straits Times Index (STI) ended 13.42 or 0.41% lower at 3,239.74.

The top active stocks were DBS, which slipped 0.72%, ThaiBev, which climbed 13.19%, Singtel, which dropped 1.32%, UOB, which dipped 0.66%, and OCBC with a 1.37% fall.

The FTSE Mid Cap grew 0.06% whilst the FTSE Small Cap rose 0.07%.

According to OCBC Investment Research (OIR), US stocks rallied to close higher Friday on the back of progress in US-China trade negotiations.

All eleven S&P 500 industries ended higher, led by Financials (2.02%) and Energy (1.59%).

"The trade optimism and a strong US session are likely to bring some inspiration to the local bourse today," OIR said.

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