Daily Markets Briefing: STI down 0.1%

Index likely to test the 3,300 psychological hurdle.

OCBC Investment Research noted:

The mild rebound on Wall Street last Friday night could cue the local bourse to a positive start this morning.

As a recap, the STI registered a muted 0.1% loss in the last session and is still facing difficulties overcoming the 2-week downtrend resistance line at the moment.

But today’s tone likely to remain more upside biased, the index might attempt another test of the downtrend line and the 3,300 psychological hurdle again.

Above that, the next resistance lies at the 3,315 recent peak. On the downside, the immediate support is still pegged at the 3,265 minor trough, followed by the next base at the 3,240 key resistance-turned-support.

Meanwhile, IG Markets Singapore said:

In Singapore, last week’s trading has been rangebound. We expect the STI to open flat.

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