Daily Markets Briefing: STI down 0.67%

Brace for a pullback today.

According to OCBC, the muted showing on Wall Street Friday could impart a sense of caution to the local bourse today, potentially extending the STI’s 0.67% falls in the previous session.

Here's more from OCBC:

We peg the immediate support around 2835, ahead of the key 2815 psychological level; on the upside, we peg the initial hurdle at 2870, ahead of 2885.

Overall volume shrank 27.6% with 0.9b units traded, with the total value dropped 9.9% to S$679.8m; while average value/unit gained 25% to S$0.76.

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