STI set to end losing streak

Boost in local sentiments is expected following the sharp rebound on Wall Street and the strong Nikkei start.

OCBC Investment Research said:

The sharp rebound on Wall Street overnight and the strong Nikkei start (up 2.1% now) are likely to boost local sentiments significantly this morning.

The STI continued to slip yesterday but showed some positive signs towards the late afternoon; despite losing as much as 0.6% at its intraday low, the index rebounded to close 0.2% in the red.

And with today's tone likely to improve further, we could see the index retaking the 3000 psychological resistance before heading for the next obstacle at 3040 (support-turned-resistance).

On the downside, the immediate support is still pegged at the 2980 minor troughs, with the subsequent base marked at the 2930 minor trough.

IG Markets Singapore meanwhile noted:

In Singapore, the four-day losing streak looks set to end as the wave of European euphoria sweeps into town. The futures market is pointing to a strong open for the STI this morning.

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