Daily Markets Briefing: STI down 0.16%
Expect muted 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 continue to peg the initial hurdle at 2865, ahead of its next resistance level at 2880; on the downside, we peg the immediate support at 2800, ahead of 2780.
Overall volume fell 18.7% with 1.5b units traded, and the total value dropped 17.6% to S$0.8b; while average value/unit rose 1.4% to S$0.51.