Daily Markets Briefing: STI down 0.1%

Traders are still missing in action.

According to OCBC, the mixed reactions on Wall Street overnight are unlikely to have much effect on the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI ended just 0.1% in the red yesterday, as traders continue to be absent in the market (with average trading volume and value falling further).

And with today’s tone possibly remaining as muted, we could see the index drifting sideways, with the immediate support and resistance still pegged at the 3280 and 3310 levels respectively.

Beyond that, the next base lies at the 3220 key trough. On the upside, the subsequent hurdle is marked at the 3360-3370 key gap zone.

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