Published:
Daily Markets Briefing: STI up 1%
Expect more gains today.
According to OCBC, the overnight recovery on Wall Street could provide a modest boost to the local bourse today, although the overall tone is likely to remain cautious, given the continued uncertainty over Brexit.
Here's more from OCBC:
We expect the STI to hold around 2700 and 2780 in the near term. Above 2780, we peg the key hurdle at 2820.
Overall volume increased by 1.2%, with 1.5b units traded, but total value fell 1.4% to S$1.1b, while the average value/unit shed 1.3% to S$0.76.
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