Daily Markets Briefing: STI down 0.39

Check out which stocks were the most active.

The Straits Times Index (STI) ended 12.01 points or 0.39% lower to 3096.61, taking the year-to-date performance to +7.49%.

The top active stocks today were JSH USD, which gained 0.13%, Global Logistic, which declined 2.92%, Singtel, which declined 1.01%, DBS, which declined 0.43% and UOB, with a 0.51% fall.

This came as the Dow on Tuesday halted its record-setting streak as investors remained cautious ahead of a speech by President Donald Trump that could determine whether the market’s recent surge will be justified by government policy.

Meanwhile, eight out of eleven S&P 500 industries ended lower, led by Consumer Discretionary (-0.65%) and Industrials (-0.48%) while Utilities (0.94%) led the gains.

Here's more from OCBC:

The local sentiment is likely to remain fairly cautious this morning as investors await Trump speech.

We peg the initial hurdle at 3125, ahead of 3165; on the downside, we peg the immediate support at 3080, ahead of 3060.

Overall volume rose 19.9% with 2.7b units traded, and total value surged 112.7% to S$2.4b, while average value/unit jumped 77.3% to S$0.88.