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Daily Markets Briefing: STI up 0.99%

Singapore Business Review

YTD performance now hit +9.62%.

The Straits Times Index (STI) ended 30.94 points or 0.99% higher to 3157.82, taking the year-to-date performance to +9.62%, according to SGX.

The top active stocks Tuesday, March 28 2017, were DBS, which gained 1.71%, Singtel, which gained 1.03%, UOB, which gained 0.51%, ComfortDelGro, which gained 2.81% and OCBC Bank, with a 0.52% advance. The FTSE ST Mid Cap Index gained 1.04%, while the FTSE ST Small Cap Index rose 0.74%.

According to OCBC, following the 0.99% rebound yesterday, STI is on track to test the 3180 key hurdle. Above 3180, the next resistance lies at 3200.

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"On the downside, we peg the immediate support at 3150 resistance-turned-support, and followed by the next support level at 3100. Overall volume shrank 8.6% with 2.7b units traded, while total value rose 18.2% to S$1.2b, and average value/unit climbed 29.3% to S$0.45," OCBC said.



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