Daily Markets Briefing: STI down 0.1%

Expect limited gains today.

According to OCBC, the mild recovery on Wall Street overnight could provide some inspiration to the local bourse this morning, but any gains are likely to be limited.

Here's more from OCBC:

Meanwhile, the STI has again managed to hold its ground yesterday; it closed 0.1% loss lower despite losing as much as 0.4% intraday.

For now, the index could continue to swing narrowly around current levels as investors lie in wait for further market catalysts.

We still see the immediate base at the 3460 resistance-turned-support, with the immediate resistance lying at the 3520 minor peak.

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