NOL sinks with 6.6% loss in trading

Investor confidence was described as being on thin ice.

IG Markets Singapore noted:

On the local market some big names suffered big losses with Neptune Orient Lines dropping 6.6%. Commodity stocks had a bad day with Olam losing 5.7% and Golden Agri-Resources giving up 4%.

There were few winners, with Fraser & Neave sticking out like a sore thumb as it gained 4.3% as investors hoped a tug-of-war would start for control of the company as interested parties upped their stakes.

The Singapore economy was also knocked back by stubborn inflation creeping up again in June after May’s fall raised hopes consumer prices were coming under control.

Headline inflation came in at 5.3% last month, compared to 5% in May.

While traders were rocked by the steep sell-off today (23 July 2012) as so many skeletons fell out of the closet, they have some key data to digest this coming week. PMI numbers are due out tomorrow with China, France, Germany and the US all in focus.

With investor confidence on thin ice, these numbers have the potential to do some real damage should they come in below expectations.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia