Daily Markets Briefing: STI up 0.51%

The year-to-date performance is now at +9.10%.

According to the SGX, the Straits Times Index (STI) ended 15.97 points or 0.51% higher to 3142.9, taking the year-to-date performance to +9.10%.

The top active stocks last Friday were Global Logistic, which gained 1.45%, DBS, which gained 0.75%, Singtel, which gained 0.51%, UOB, which gained 0.79% and OCBC Bank, with a 0.74% advance. The FTSE ST Mid Cap Index gained 0.60%, while the FTSE ST Small Cap Index rose 0.34%.

According to OCBC, the mixed showing on Wall Street Friday is unlikely to provide much of a boost to the local bourse this morning.

"We could see the index making an attempt to overcome the 3150 key hurdle today. Should this 3150 key obstacle be convincingly taken out, we expect the index to continue its march towards the 3200 subsequent key peak. Meanwhile, we continue to peg the immediate support at 3100, ahead of 3065. Overall volume shrank 0.4% with 2.3b units traded, and total value lost 6.3% to S$1.1b, while average value/unit rose 6.7% to S$0.48," added OCBC.