, Singapore

Daily Markets Briefing: STI up 0.3%

Downtrend resistance was finally hurdled.

According to OCBC, the surge by the US indices to another new all-time high overnight is likely to boost local sentiments this morning.

Here's more from OCBC:

After recovering some 0.3% and overcoming its 1-month downtrend resistance yesterday, the STI’s trend has also made a positive turn.

As such, we could potentially see the index building on its current upside momentum and head towards the 3280 immediate resistance next.

Above that, the next hurdle is pegged at the 3310 key peak. On the downside, we still see the immediate key support at the 3220 level, with the next support lying at the 3180 key trough.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.

Top News

7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
Aviation
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
Healthcare