Published:
Daily Markets Briefing: STI down 0.3%
Don't expect good news today.
According to OCBC, the mixed reactions on Wall Street overnight are unlikely to provide any inspiration to the local bourse this morning.
Here's more from OCBC:
Meanwhile, the STI’s near term downside momentum seems to be building up with another 0.3% loss yesterday.
As such, we could potentially see the index starting in the negative territory today before continuing its slide towards the 3260 immediate support.
Below that, we the next base at the 3230 resistance-turned-support. On the upside, 3310 is still the immediate key resistance, followed by the next hurdle at the 3350 peaks.
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