News

Stocks

Staff Reporter

, Singapore

Published:

7 years ago

Daily Markets Briefing: STI down 0.25%

Brace for more losses today.

According to OCBC, ontinued weakness on Wall Street overnight could weigh on the local bourse today, potentially extending the STI’s 0.25% dip in the previous session.

Here’s more from OCBC:

We peg the immediate support around 2825, ahead of its next support at 2800; on the upside, we peg the initial hurdle at 2865, ahead of its next resistance level at 2880.

Overall volume jumped 15.5% with 1.6b units traded, and the total value dropped 19.1% to S$0.7b; while average value/unit fell 30.0% to S$0.43.

Also Read

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