Daily Markets Briefing: STI down 0.10%

Expect muted gains today.

According to OCBC, the mixed showing on Wall Street overnight could keep overall sentiment fairly cautious, and hence limit near-term upside.

Here’s more from OCBC:

We continue to peg the initial hurdle at 2900, ahead of 2935; on the downside, we peg the immediate support at 2875, ahead of 2860.

Overall volume tumbled 17.7% with 1.6b units traded, and the total value shrank 29.8% to S$961.4m; while average value/unit decreased by 14.7% to S$0.61.

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