Daily Markets Briefing: STI down 0.2%

A Wall Street recovery could inspire this morning’s local bourse.

There could be a positive start in the market early today, but gains are likely to be limited as local sentiments are still rather pessimistic, says OCBC’s Overnight Market Commentary.

OCBC says that the STI has failed another retest of the 3310 level yesterday, hence ending up 0.2% lower.

OCBC sees 3310 as the firm immediate resistance, with the next hurdle marked at the 3380 key peak.

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