
Daily Markets Briefing: STI up 0.4%
Expect more good news today.
According to OCBC, the continued recovery on Wall Street overnight is likely to provide further inspiration to the local bourse this morning.
Here's more from OCBC:
As such, the index could maintain its recent upside momentum and attempt to overcome the 3190 support-turned-resistance today.
Should the 3190 level be conquered, the index is likely to head for the 3220 subsequent hurdle (key support-turned-resistance) next.
On the downside, 3130 is still the immediate base (key resistance-turned-support), followed by the next support at the 3100 psychological level.