
Daily Markets Briefing: STI up 0.3%
Expect more gains today.
According to OCBC, with US stocks registering all-time highs last Friday night, this could boost local sentiments further this morning.
Here's more from OCBC:
After another 0.3% recovery in the last session, the STI is on track to climb higher in the direction of the 3550 recent peak today.
Beyond 3550, we still see the next hurdle at the 3600 psychological level. On the downside, the 3500 recent trough is the immediate support, followed by the next base at the 3460 resistance-turned-support.