Daily Markets Briefing: STI up 1.2%

Don't expect strong gains today.

According to OCBC, while Wall Street eked out further gains overnight, the US index futures have started to come off slightly; hence further strong gains in the local bourse looks unlikely, especially after the STI’s strong 1.2% rebound yesterday.

Here's more from OCBC:

Although the STI closed above the initial 2950 resistance, the recent strong run-up has nudged the daily RSI to just a shade below the overbought region.

As before, we think that the market would want to be sure that the index can sustain itself above 2950 before mounting an assault on the next key 3000 hurdle.

But any pullback could be relatively shallow, given that the medium-term technical picture has improved quite a bit; this as the 50-DMA has just cut up on the 100-DMA; overall volume also jumped 34% yesterday, while average value/unit climbed 13% to S$0.77.

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