, Singapore

Daily Markets Briefing: STI down 0.8%

Expect some gains today.

According to OCBC, the rebound on Wall Street overnight could cue the local bourse to a more optimistic start this morning.

Here's more from OCBC:

Following another 0.8% loss yesterday, the STI is now hovering just above its 5-month uptrend support and 3430 resistance-turned-support.

As such, we expect the index to see a technical rebound soon and possibly head back towards the 3460 immediate support-turned-resistance in the days ahead.

Above 3460, the next hurdle lies at the 3500 psychological resistance. On the downside, the subsequent base is pegged at the 3390 level.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!