Published:
Daily Markets Briefing: STI up 0.3%
Not much to expect today.
The muted reactions on Wall Street overnight are unlikely to have much effect on the local bourse this morning.
As such, the STI (which ended 0.3% higher yesterday), could maintain its recent consolidation mode and continue to trade sideways within its 3310 to 3360 trading band today, according to OCBC’s Overnight Market Commentary.
Above 3360, the subsequent obstacle still lies at the 3380 key peak. On the downside, the next support is pegged at the 3280 key trough.
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