News

Stocks

Staff Reporter

, Singapore

Published:

9 years ago

Daily Markets Briefing: STI down 0.11%

Expect muted gains today.

According to OCBC, the mixed showing on Wall Street overnight is likely to continue to keep local sentiment muted, and we see the index drifting sideways today.

Here's more from OCBC:

We peg the key hurdle at 2855, ahead of 2870; on the downside, we peg the immediate support at 2815, a break of this level could send the STI index easing towards 2800.

Overall volume increase 20.2% with 1.4b units traded, and the total value shrank 6.9% to S$869.9m; while average value/unit dropped 22.8% to S$0.61.

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