
Daily Markets Briefing: STI up 0.5%
Expect more good news today.
According to OCBC, with the US indices climbing to record levels again overnight, this is likely to provide further inspiration to the local bourse this morning.
Here's more from OCBC:
Meanwhile, the STI rebounded some 0.5% yesterday and looks set to head towards the 3460 key resistance for another test today.
Beyond 3460, the next hurdle lies at the 3500 psychological level. On the downside, 3377-3388 gap support remains the immediate support, followed by the 3300 psychological level.