, Singapore

Daily Markets Briefing: STI up 0.38%

Expect muted gains today.

According to OCBC, weakness on Wall Street on Friday could keep overall sentiment fairly cautious and hence limit near-term upside.

Here's more from OCBC:

We peg the initial hurdle at 2865, ahead of its next resistance level at 2880; on the downside, we peg the immediate support at 2800, ahead of 2780.

Overall volume fell 12.1% with 1.4b units traded, and the total value dropped 17.6% to S$0.8b; while average value/unit rose 20.8% to S$0.61.

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