, Singapore

Daily Markets Briefing: STI down 1.71%

Expect more gains today.

According to OCBC, with the generally modest gains on Wall Street, we could see the STI trading with a slight bearish bias, as concerns on O&G plays may continue to weigh on sentiment.

Here's more from OCBC:

We peg the initial key support at 2856 and a break could send the STI slipping further towards 2800. On the upside, we keep the initial cap at 2950, ahead of 2985.

Overall volume rose 1% to 1.495b units traded, while total value climbed 67% to S$1.48b; average value/unit was higher at S$1.01.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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