Daily Markets Briefing: STI up 0.3%

Index likely to drift lower, says analyst.

OCBC Investment Research said:

As a recap, the STI ended just 0.3% higher despite recovering as much as 0.7% and almost tested the 3320 key resistance intraday.

And with today’s tone likely to turn more downside biased, we could start to see the index drifting lower with the immediate support marked at the 3230 key resistance-turned-support.

Below that, the next support is pegged at the 3200 psychological level. Above the firm 3320 resistance, the subsequent resistance lies at the 3400 psychological hurdle.

Meanwhile, IG Markets Singapore said:

In sunny Singapore the STI lifted 0.3% to close back above 3300. Although the close was well away from the earlier high, which at 3317 and threating a new intraday high for the year.

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