Published:
Daily Markets Briefing: STI up 0.1%
Expect some gains today.
According to OCBC, the more than 1% gains on Wall Street overnight are likely to inspire the local bourse to a positive start this morning.
Here's more from OCBC:
As a recap, local investors remained very indecisive in the last session; the STI swung between gains and losses the entire session, before closing just 0.1% higher.
But with today’s tone likely to show significant improvements, this could provide the bulls an opportunity to test and overcome the 1-month downtrend resistance.
A bullish break of this obstacle could quickly send the index further north towards the 3490 support-turned-resistance.
Read Here
Advertise
Sign Up
