Published:
Daily Markets Briefing: STI up 0.4%
Today's tone likely to improve.
OCBC Investment Research said:
The rebound on Wall Street overnight should continue to keep local sentiments buoyant this morning.
As a recap, the STI has managed to halt its recent decline yesterday with a 0.4% recovery.
And with today’s tone likely to show further improvements, we could see the index climbing towards the 3200 psychological level.
Beyond that, the subsequent resistance lies at the 3270 key peaks. On the downside, 3130 is still the immediate support, followed by the next base at the 3070 resistance-turned-support.
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