Published:
Daily Markets Briefing: STI closed flat
Expect some gains today.
According to OCBC, the rebound by the US indices last Friday night could help lift local sentiments this morning.
Here's more from OCBC:
Meanwhile, the STI has started to show signs of hammering a bottom in the last session; despite losing as much as 0.6% intraday, the index rebounded to a flat close.
Should the index close in the positive territory today, we will likely see it reversing from its near-term downside momentum and recover further in the direction of the 3520 immediate resistance (minor peak).
On the downside, we still see the immediate base at the 3460 resistance-turned-support.
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