Daily Markets Briefing: STI closed flat

Expect weak trading today.

According to OCBC, the softer showing on Wall Street overnight and the still-weak US futures could also dampen local sentiment this morning, putting the key 2800 support to the test once again.

Here's more from OCBC: 

While the STI managed to regain the key support after reversing the earlier losses to close flat, it was somewhat off the intraday high of 2817.56; overall value was just over S$800m on ~1.4b units traded, almost flat compared to the previous session.

As before, we expect the market to range trade around 2800, possibly holding between 2770 and 2850 until the start of the results season towards the end of Apr when the banks release their 1Q16 report cards.