
Daily Markets Briefing: STI up 0.38%
Expect muted gains today.
According to OCBC, weakness on Wall Street on Friday could keep overall sentiment fairly cautious and hence limit near-term upside.
Here's more from OCBC:
We peg the initial hurdle at 2865, ahead of its next resistance level at 2880; on the downside, we peg the immediate support at 2800, ahead of 2780.
Overall volume fell 12.1% with 1.4b units traded, and the total value dropped 17.6% to S$0.8b; while average value/unit rose 20.8% to S$0.61.