News

Stocks

Staff Reporter

, Singapore

Published:

9 years ago

Daily Markets Briefing: STI UP 0.07%

Brace for pullback today.

According to OCBC, the pullback on Wall Street overnight amidst the odds of Fed rate hike could spark a similar correction in the local bourse.

Here’s more from OCBC:

We believe that the STI will continue to trade around the key 2820 level for now; we peg the next support and resistance at 2800 and 2900, respectively.

Overall volume jumped 16% with 1.2b units traded, and total value decreased by 4% to S$0.7b; while average value/unit fell 17% to S$0.62.

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