Daily Markets Briefing: STI up 0.03%

Expect soft gains within the day.

OCBC is expecting the pullback on Wall Street overnight to soften the local bourse with the index drifting sideways.

“We peg the immediate support at 2800, ahead of 2860; on the upside, we continue to peg the initial hurdle at 2900, ahead of 2935,” OCBC said.

The overall volume jumped 18.8% with 1.9b units traded, and the total value inche up 5.3% to S$1.0b. The average value dropped by 11.4% to S$0.54.

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