, Singapore

Daily Markets Briefing: STI up 0.3%

Expect some weakness today.

According to OCBC, continued weakness on Wall Street Friday night and an uncertain outlook for crude prices could start weighing on local sentiment.

Here's more from OCBC:

Although the STI managed to put on more gains last Friday to close above the important 2919 support, overall volume was flat at just under 1.3b units traded; average value/unit also slipped sharply to S$0.68 from S$1.00 the previous session.

As such, we can expect to see some healthy profit-taking emerging soon (especially if the index fails to hold above 2919); and again put the key 2900 support to the test.

On the upside, we peg the next hurdle at 2950, ahead of the key 3000 psychological barrier.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.