Published:
Daily Markets Briefing: STI ended flat
Most investors are still missing.
According to OCBC, the muted reactions on Wall Street overnight are likely to keep the local bourse in a tight trading range this morning.
Here's more from OCBC:
As it is, the STI headed nowhere in the last session (ended flat), with most investors still clearly absent from the market.
With today’s tone likely to remain neutral in general, we expect the index to continuing drifting sideways just above the 3250 immediate support.
Below that, the next base lies at the 3220 key trough. On the upside, 3280 is still the immediate resistance, followed by the next hurdle at the 3310 recent peak.
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