, Singapore

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.
 

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