, Singapore

Daily Markets Briefing: STI up 0.3%

Expect more gains today.

According to OCBC, the overnight recovery on Wall Street overnight could provide a modest boost to the local bourse today, potentially extending the STI’s 0.3% gains yesterday.

Here's more from OCBC:

We expect the STI to hold around 2830 to 2860 in the near term; and probably 2800 to 2900 beyond that.

Overall volume shed 6% with 1.6b units traded, but total value jumped 8% to S$0.7b; while average value/unit gained 14% to S$0.46.

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