SINGAPORE (Nov 30): The Straits Times Index will likely stick within the 2,825-3,030 range in the next month, with attention on external central bank action, DBS says in a note.

The bank’s technical analysis indicates a narrow trading range, with “bargain hunting” opportunities below 2,825.

It notes that the beginning of an interest rate increase cycle -- which looks likely to start with the US Federal Reserve in December -- typically heralds an index correction in the initial two or three months, before a recovery is seen.

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