Daily Markets Briefing: STI ends flat

Today's tone likely to turn a tad more upside biased.

OCBC Investment Research said:

The significant rebound on Wall Street overnight could provide a lift to local sentiment this morning.

After ending another muted session yesterday with a flat close, the STI remains firmly locked within its 3200-3230 horizontal trading range.

And with today's tone likely to turn a tad more upside biased, we could see the index inching higher towards the immediate obstacle pegged at the 3230 minor peaks.

Above that, the next hurdle lies at the 3260 key peaks. Below 3200, the next support is pegged at the 3155 minor trough.

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