Daily Markets Briefing: STI up 0.14%
Brace for a pullback today.
According to OCBC, the pullback on Wall Street overnight could keep overall sentiment fairly cautious, hence limit near-term upside.
Here’s more from OCBC:
We peg the key hurdle at 2855, ahead of 2870; on the downside, we peg the immediate support at 2815, ahead of 2800.
Overall volume jumped 36.5% with 1.4b units traded, but the total value tumbled 6.4% to S$694.7m; while average value/unit dipped 31% to S$0.51.