Published:
Daily Markets Briefing: STI up 0.2%
Expect a decline today.
According to OCBC, the poor US job data announced last Friday is likely to spook the local bourse to a negative start this morning; the US index futures are down more than 0.7% at the moment.
Here's more from OCBC:
This will become a further obstacle to the STI in its recent attempt to overcome the 3460 key hurdle; we could see the index sliding lower again in the direction of the 3400 immediate support today.
Below 3400, the next base lies at the 3360 key resistance-turned-support. On the upside, the subsequent resistance is pegged at the 3500 psychological level.
Read Here
Advertise
Sign Up
