Daily Markets Briefing: STI down 0.09%

Expect muted gains today.

According to OCBC, the pull back on Wall Street overnight could continue to keep local sentiment muted, potentially extending the STI’s 0.1% loses yesterday.

Here’s more from OCBC:

Overall market volume fell 12% with 2.1b units traded, while total value edged up 23% to S$1.2b; and average value/unit jumped 41% to S$0.58.

As before, we peg the initial support at 2850; on the upside, we see the initial hurdle at 2885, ahead of the 2900 psychological barrier.

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