Published:
Daily Markets Briefing: STI up 0.9%
Further recovery is expected.
According to OCBC, with the US indices recovering more than 1% overnight, this is likely to boost local sentiments further this morning.
Meanwhile, the STI rebounded strongly at the 3290 immediate support yesterday with a 0.9% higher close; this could set the tone for a further recovery in the days ahead.
Here's more from OCBC:
We expect the index to head higher today, in the direction of 3350 immediate support-turned-resistance, as the next hurdle lies at the 3390 minor support-turned-resistance.
On the downside, we see the next base at the 3200 key trough.
Read Here
Advertise
Sign Up
