Daily Markets Briefing: STI closed flat

Expect some gains today.

According to OCBC, the recovery on Wall Street overnight is likely to provide some positive cue to the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI registered a flat close with a muted trading turnover yesterday; local investors are clearly still rather uncertain about the market outlook at this juncture.

With today’s tone likely to turn more upside bias, we could potentially see the index creeping in the direction of the 3460 key hurdle today.

On the downside, we still see the immediate base at the 3400 resistance-turned-support.

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