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Daily Markets Briefing: STI closed flat

Singapore Business Review

Expect some gains today.

According to OCBC, the rebound by the US indices last Friday night could help lift local sentiments this morning.

Here's more from OCBC:

Meanwhile, the STI has started to show signs of hammering a bottom in the last session; despite losing as much as 0.6% intraday, the index rebounded to a flat close.

Should the index close in the positive territory today, we will likely see it reversing from its near-term downside momentum and recover further in the direction of the 3520 immediate resistance (minor peak).

On the downside, we still see the immediate base at the 3460 resistance-turned-support.

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