Daily Markets Briefing: STI ends flat

Next hurdle pegged at the 3370 mark.

Singapore Exchange noted:

The Straits Times Index (STI) ended +0.76 points higher or +0.02% higher to 3,236.82, taking the year-to-date performance to +2.20%.

The FTSE ST Mid Cap Index declined -0.01% while the FTSE ST Small Cap Index declined -0.01%.

The top active stocks were Mirach Energy (+7.79%), SingTel (-0.78%), DBS (+0.67%), Wilmar (+0.96%) and GoldenAgr (-3.54%).

Meanwhile, OCBC Investment Research said:

The local bourse could take a positive cue from the fact that both the Dow and S&P500 maintained new heights overnight with a positive Nikkei start (up 0.8% now) this morning.

As a recap, the STI took another breather yesterday with a flat close after it conquered the 3230 key level two sessions back.

Should the index initiate a rebound around current levels, it will likely head towards the 3320 key support-turned-resistance next.

Beyond that, the next hurdle is pegged at the 3370 support-turned-resistance. Below the 3230 immediate base, the subsequent support lies at the 3170 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