, Singapore

Daily Markets Briefing: STI down 0.18%

Expect muted gains today.

According to OCBC, the pullback on Wall Street overnight could keep local sentiment muted and seeing the index drifting sideways yet again today.

Here's more from OCBC:

We continue to peg the immediate support around 2900, ahead of the key 2885 psychological level; on the upside, we peg the initial hurdle at 2960, ahead of 2990.

Overall volume shrank 30.7% with 1.2b units traded, and total value was down 15.2% to S$1.1b; while average value/unit gained 22.6% to S$0.86.

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