Daily Markets Briefing: STI up 0.8%

Expect a pullback today.

According to OCBC, although Wall Street ended slightly up last night, the increased volatility could impart some caution to the local bourse as well, especially ahead of the key ECB meeting and also results from KepCorp tomorrow.

Here's more from OCBC:

Although the STI ended 0.8% higher yesterday, volume was relatively light; daily indicators are also not conclusive of a pickup in bullish momentum.

As such, we could see potential profit-taking emerging closer to the recent 3370—3375 peaks. On the downside, we see immediate support around 3318 (30-DMA, 50-DMA), ahead of 3300.

However, it may be worth noting that the 30-DMA is just 1-point above the 50-DMA, and could generate a negative cross-over should the index head lower over the next few sessions.

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