
Daily Markets Briefing: STI down 0.08%
Expect more gains today.
According to OCBC, continued gains on Wall Street overnight could provide some support to the local bourse today.
Here's more from OCBC:
We peg the initial hurdle at 2865, ahead of its next resistance level at 2880; on the downside, we peg the immediate support at 2825, ahead of 2800.
Overall volume shrank 12.4% with 1.5b units traded, and the total value tumbled 18.9% to S$0.7b; while average value/unit was down 7.4% to S$0.46.