Daily Markets Briefing: STI up 0.3%

Expect more good news today.

According to OCBC, the mixed reactions by the US indices last Friday night are unlikely to have much impact on the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI continued its recovery with a 0.3% gain in the last session as local investors remain generally optimistic about the market outlook.

With the 3310 immediate resistance already taken out, the index is now likely to maintain its upside momentum and inch higher towards the 3350 resistance next.

On the downside, 3310 is now the newly established resistance-turned-support.

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