Daily Markets Briefing: STI down 0.8%

Most tech firms underperformed.

According to the SGX, the Straits Times Index (STI) ended 25.66 points or 0.75% lower to 3392.11 on Friday, taking the year-to-date performance to +0.80%.

The top active stocks today were Singtel, which gained 0.24%, UOB, which declined 2.07%, DBS, which declined 0.20%, OCBC Bank, which declined 0.49% and Keppel Corp, with a 0.68% fall.

The FTSE ST Mid Cap Index gained 0.02%, while the FTSE ST Small Cap Index declined 0.15%.

The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.99%. The two biggest stocks of the Index - Raffles Medical Group and Tianjin Zhongxin Pharmaceutical Group Corporation- ended 2.74% higher and 4.26% lower respectively.

The underperforming sector was the FTSE ST Technology Index, which slipped 2.64%. Silverlake Axis shares declined 5.29% and STATS ChipPAC remained unchanged.

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