Daily Markets Briefing: STI ends flat

Will today's tone improve?

According to OCBC Investment Research:

The recovery on Wall Street overnight and the positive Nikkei start (up 0.9% now) could boost local sentiments this morning.

As a recap, the STI saw another muted session yesterday with a flat close but held firm above the 3200 psychological support.

And with today’s tone likely to show some improvements, we could potentially see the index inching higher towards the immediate resistance at the 3235 minor peak again.

Above that, the next hurdle lies at the 3260 key peaks. Below the 3200 base, the next support is pegged at the 3155 minor trough.

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