Daily Markets Briefing: STI down 0.45%

Expect some reprieve today.

According to OCBC, the gains on Wall Street last Friday night could bring some reprieve for the local bourse this morning, especially after the STI’s 0.45% slide last week.

Here's more from OCBC:

We peg the key hurdle at 2840, ahead of 2870; on the downside, we peg the immediate support at 2790, a break of this level could send the STI index easing towards 2750.

Overall volume jumped 20.4% with 1.7b units traded, and the total value jumped 20.4% to S$1.05b; while average value/unit dropped to S$0.61.

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