
Daily Markets Briefing: STI down 0.1%
Expect more gains today.
According to OCBC, gains on Wall Street overnight could continue to provide some support to the local bourse today.
Here’s more from OCBC:
We peg the immediate support at 2845, ahead of 2825; on the upside, we continue to peg the initial hurdle at 2900, ahead of 3000.
Overall volume gained 21.9% with 2.4b units traded, and the total value gained 19.4% to S$0.9b; while average value/unit remains unchanged at S$0.39.