Daily Markets Briefing: STI up 0.2%

But expect a pullback today.

According to OCBC, The plunge on Wall Street last Friday night could spook the local bourse to a negative start this morning.

Here's more from OCBC:

Meanwhile, the STI continued to swing narrowly within the 3300-3335 trading range in the last session as local investors remained undecided about the market outlook.

With today’s tone likely to turn more downside biased, we could see the index drifting towards the lower end of the trading range today.

Above 3335, the next hurdle lies at the 3360 key peaks. On the downside, 3270 resistance-turned-support is the subsequent base.

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