Daily Markets Briefing: STI down 0.1%

Index could be poised for a mild technical rebound.

According to OCBC Investment Research:

With the US market closed overnight, the local bourse is likely to take cue from the positive Nikkei start this morning.

Following last Thursday’s sharp decline with another 0.1% loss yesterday, the index could be poised for a mild technical rebound today.

However, sentiments are still very cautious at the moment. As such, we are unlikely to see investors accumulating stocks aggressively in the near term.

We still peg the immediate resistance at 3425 minor support-turned-resistance; the next obstacle lies at the 3465 recent peak.

On the downside, the immediate support is pegged at the 3383 level (last Thursday’s intraday low), with the subsequent base at the 3320 key resistance-turned-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