Published:
Daily Markets Briefing: STI up 0.2%
Expect a buoyant day today.
According to OCBC, The mild recovery on Wall Street overnight could provide further inspiration this morning.
Here’s more from OCBC:
We note that local investors have continued to load up gradually as the STI inched higher with a 0.2% gain yesterday.
And with the STI likely to maintain its recent upside momentum today, we could see it inching higher in the direction of the 3340 minor support-turned-resistance.
Above that, we see the next hurdle at the 3380 key peak. On the downside, the immediate support is still tagged at the 3280 recent trough, followed by the next base at the 3230 key trough.
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