Daily Markets Briefing: STI down 0.27%

Concerns about the emerging markets and trade tensions could mute gains today.

The Straits Times Index (STI) ended 8.59 points or 0.27% lower at 3,147.69.

The FTSE ST Mid Cap Index slipped 0.21%%, whilst the FTSE ST Small Cap Index fell 0.43%.

The top active stocks were DBS which dipped -0.77%, YZJ, which closed unchanged, Singtel, which slipped 0.32%, Genting Sing, which decreased 1.85% and JMH, with a 0.70% fall.

OCBC Investment Research noted that the S&P 500 and the Nasdaq finished lower for a third session on mounting concerns about contagion from a handful of struggling emerging economies on top of unresolved trade tension.

Five out of eleven S&P 500 index closed lower, led by Energy (-1.93%) and Information Technology (-0.82%) whilst Telecommunication Services (0.72%) and Utilities (0.39%) led the gains.

“The local sentiment is likely to remain cautious today, amidst the ongoing concerns about emerging markets and trade tensions,” OCBC Investment Research said.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

You may also like...