STI up 0.1%

Stock markets took on a cautious tone, says IG Markets Singapore.

OCBC Investment Research said:

The muted reactions on Wall Street overnight are unlikely to provide any significant cues to the local bourse this morning.

Meanwhile, the STI recovered as much as 0.4% yesterday and touched the 3280 resistance briefly. But it failed to hold on to the gains and instead, retraced back to just a 0.1% gain by the close.

This could set the stage for a consolidation around current levels today with the immediate obstacle still marked at the 3280 key peak and the subsequent obstacle pegged at the 3300 psychological resistance.

On the downside, 3230 is still the firm resistance-turned-support, ahead of the 3200 psychological support.

IG Markets Singapore meanwhile noted:

The STI crept up 0.1% yesterday, but it is making a slow and steady push towards another key milestone of 3300 points.

On the futures market, prices point to a +0.1% open for the STI today.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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