(Bloomberg) -- Singapore’s benchmark Straits Time Index may rise to the 3,000-point level early next year as it holds above a so-called resistance-turned-support level at 2,745, according to OCBC Investment Research. The gauge gained 0.4 percent yesterday to 2,808.18. Last year, the index dropped close to 2,745 in January and March without crossing that level. It broke below that level on Aug. 19, 2008, as the credit crisis deepened, preceding a slump of as much as 47 percent through to a six-year low on March 9.
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