Daily Markets Briefing: STI down 0.13%

Expect modest gains today.

According to OCBC, gains on Wall Street overnight could provide a modest boost to the local bourse today.

Here's more from OCBC:

On the upside, we continue to peg the initial hurdle at 2885, ahead of 2900. And as before, failure to convincingly clear the next 2900 level could send the STI easing back towards 2850 or even 2800.

Overall volume shrank 35% with 1.2b units traded, and total value slipped 23% to S$0.7b; but average value/unit rose 29% to S$0.63.

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