Daily Markets Briefing: STI up 1.9%

Index poised to break the 3180 mark.

OCBC Investment Research said:

Continued strength on Wall Street overnight could keep the local bourse fairly buoyant this morning.

With the STI decisively overcoming both its 3130 resistance and 4-month downtrend resistance after a strong 1.9% rally yesterday, it looked set to attempt a break of the 3180 immediate resistance today.

Meanwhile, the MACD is still climbing steadily towards its centerline, this suggests that the upside momentum remains intact.

Should the 3180 obstacle be taken out, the index will likely test the 3220 support-turned-resistance next. On the downside, 3130 is now the newly established resistance-turned-support, followed by the next base at the 3070 support.

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