Daily Markets Briefing: STI down 0.1%

Expect a slightly lower opening today.

The losses by the US indices overnight could cue the local bourse to a slightly lower opening this morning.

According to OCBC Market Commentary, after a 0.1% loss yesterday, the STI could continue to consolidate around current levels, bordered by the 3270 key support and the 3310 immediate resistance.

Above 3310, OCBC sees the next hurdle at the 3350 peaks. On the downside, OCBC continues to peg the subsequent base at the 3230 key trough.

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