Daily Markets Briefing: STI down 0.2%

Expect modest gains today.

According to OCBC, the modest rebound on Wall Street overnight should provide a boost to the local bourse this morning, possibly extending the STI’s late rebound yesterday.

While the STI still ended 0.2% lower, it managed to not only regain the key 2900 support but also close just a shade below the next key 2919 resistance (38.2% of the fall from 3549 to 2528).

Here’s more from OCBC:

And as long as the index can overcome this immediate hurdle, it should extend its recovery to test the next key obstacle at 2950; although the daily technical indicators suggest that it may lack the momentum to convincingly clear it yet.

We also note that the overall market volume was flat as compare to the previous session, while average value/unit was also unchanged at S$0.68; but losers outpaced gainers 1.6 to 1.

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