Published:
Daily Markets Briefing: STI up 0.17%
Brace for a pullback today.
According to OCBC, the pullback on Wall Street overnight could pose a similar trend in the local bourse today, especially after the STI’s 0.26% gains in the previous session.
Here’s more from OCBC:
The ability of the index to sustain itself convincingly above the key 2900 level is crucial.
Failure to do so could send the STI easing back towards 2850.
Overall volume shrank 6.6% with 1.2b units traded, with the total value dropped 11.8% to S$0.7b; while average value/unit dropped to S$0.61.
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