Daily Markets Briefing: STI down 0.2%

Expect another muted trading day today.

According to OCBC, the modest rebound on Wall Street overnight is unlikely to have much effect on the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI continued to trade in a muted tone yesterday before ending just a mild 0.2% lower.

As such, we expect the index to drift sideways between the 3270 immediate base and 3330 immediate resistance today.

Above 3330, the next hurdle lies at the 3360 key peaks. On the downside, 3200 psychological level is the subsequent support.

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