Daily Markets Briefing: STI up 1.3%

Expect a pullback today.

According to OCBC, while STI finally broke its 10-day losing streak with a 1.3% rebound yesterday, further strong gains may be hard to come by; this as the mixed closing on Wall Street overnight could again impart a sense of caution to the local bourse.

Here's more from OCBC:
The uncertain economic climate in China could also be weighing on sentiment, given how much Singapore’s economy depends on exports to the mainland.

Nevertheless, the STI managed to recover above the key 100-DMA support-turned-resistance; and as long as it can sustain above this level, the index could edge higher towards the key 2800 hurdle.

But note that while overall volume improved 19% to 1.5b units traded, average value/unit slipped 33% to S$0.64, suggesting the focus may be shifting back to the penny plays.

Below 2763, we peg the next key support at 2700.

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