Published:
Daily Markets Briefing: STI up 0.7%
Brace for a pullback today.
According to OCBC, the pullback on Wall Street overnight could provide a similar correction in the local bourse today, especially after the STI’s 0.7% gains in the previous session.
Here’s more from OCBC:
The ability of the index to sustain itself convincingly above the key 2900 level is crucial. Failure to do so could send the STI easing back towards 2850.
Overall volume shrank 18% with 1.3b units traded, but total value jumped 15% to S$0.9b; while average value/unit gained 41% to S$0.65.
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