Daily Markets Briefing: STI up 0.5%

Expect modest gains today.

According to OCBC, while continued gains on Wall Street overnight should keep local sentiment fairly upbeat, the STI may be due for a healthy technical correction soon, especially after the string of gains over the past five sessions.

Here’s more from OCBC:

Recent price action also points towards a potential reversal, although daily MACD is still looking pretty positive.

As before, we could start to see some healthy profit-taking should the index fails to clear the immediate 2885 hurdle, or fails to sustain itself above the immediate 2843 support.

Overall volume was flat with 2.09b units done, although total value improved 10% to S$1.09b, average value/unit remained relatively flat at S$0.52; not surprising as penny plays continued to hog the lime-light, especially those previously-battered second-liners O&G plays.

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