Published:
Daily Markets Briefing: STI up 0.6%
Today’s tone likely to remain more upside biased.
OCBC Investment Research said:
The rebound on Wall Street overnight is likely to provide some inspiration for the local bourse this morning.
Following three consecutive sessions of significant pull-back, the STI saw a technical rebound of a 0.6% gain yesterday.
And with today’s tone likely to remain more upside biased, we could see the index inching higher in the direction of the 3140 resistance (recent peak).
Above that, the next hurdle lies at the 3190 key peak. On the downside, 3070 is still the immediate support, with the subsequent base pegged at the 3030 level.
Read Here
Advertise
Sign Up
