Daily Markets Briefing: STI closed flat

But expect positive news today.

According to OCBC, the rebound on Wall Street overnight could provide some inspiration to the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI managed to bounce off the 3390 immediate support to end flat yesterday, despite losing as much as 0.4% intraday; this further reinforced the 3390 support region.

And with today’s improved tone, we could see the index recovering further in the direction of the immediate key resistance at the 3460 key peaks.

Above 3460, the next hurdle lies at the 3500 psychological level. On the downside, we still see the next base at the 3300 psychological level.

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