Published:
Daily Markets Briefing: STI down 0.3%
Expect muted trading today.
The STI ended 11.38 points lower or -0.34% yesterday, as the STI continued to swing narrowly between the 3280 support and 3310 resistance, according to OCBC.
The OCBC also stated that mixed reactions on Wall Street overnight are unlikely to have much impact on the local bourse this morning.
“With most investors likely taking a break from the market due to the Jun school holidays, as well as the upcoming World Cup tournament starting soon, we expect the market to remain fairly muted going forward,” the report further noted.
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