
Daily Markets Briefing: STI up 0.1%
Trading value fell to $641m.
According to OCBC, the retreat on Wall Street overnight could spook the local bourse to a negative start this morning.
Here's more from OCBC:
Meanwhile, the STI continued to trade in a much muted fashion yesterday (ended just 0.1% higher), with trading value falling to a lowly S$641m.
With today’s tone likely to turn a tad more downside biased, we could see the index turning down towards the 3250 immediate support again.
Below that, the next base lies at the 3220 key trough. On the upside, 3280 is still the immediate resistance, followed by the next hurdle at the 3310 recent peak.