Daily Markets Briefing: STI up 0.4%

As a recap, the STI registered a 0.4% higher close despite rising as much as 0.7% intraday yesterday; the 3470 recent peak remains a tough obstacle to overcome in the near term.

With local investors likely to stay by the sidelines in anticipation of the US Federal Reserve’s release of its minutes tonight, we could see the index consolidate around current levels today.

On the downside, we still see the immediate base at the 3400 resistance-turned-support.
 

SGX Singapore Update

[email protected]

You may also like...

Rules of Discussion on Daily Markets Briefing: STI up 0.4%

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Self-promotion once a week is allowed. Too much promotion or using Contact info in ID will lead to account ban.