Daily Markets Briefing: STI up 0.8%

Expect more good news today.

According to OCBC, the optimism on Wall Street overnight is likely to provide further inspiration to the local bourse this morning.

Here's more from OCBC:

As such, the STI (which recovered some 0.8% yesterday) could continue its ascent and test the 3315 recent peak today.

Should the 3315 hurdle be conquered, the index is likely to march towards the 3360 peaks next.

On the downside, 3270 is still the immediate base (resistance-turned-support), with the next base lying at the 3230 resistance-turned-support.

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