Daily Markets Briefing: STI up 0.5%

Today’s tone likely to turn more downside biased.

OCBC Investment Research said:

The pull-back on Wall Street last Friday night could spook the local bourse to a negative start morning.

Despite rallying as much as 1.1% in the last session, the STI lost its steam subsequently to end the day with just a 0.5% gain; this suggests that investors are still fairly cautious about the market outlook.

And with today’s tone likely to turn a tad more downside biased, we could see the index drifting lower towards the 3050 recent trough.

Below that, the next base lies at the 3030 resistance-turned-support. On the upside, 3100 recent peak is the immediate resistance, with the next hurdle lying at the 3140 key peak.

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