, Singapore

Daily Markets Briefing: STI ends flat

Index predicted to improve significantly today.

OCBC Investment Research said:

The more than 1% jump by the US index futures could help boost local sentiments this morning.

As a recap, the STI continued to consolidate just below the 3130 near term support-turned-resistance, following a flat close in the last trading session.

But with today’s tone likely to improve significantly, we could possibly see the index testing this upper boundary again.

And should this obstacle be conquered, the index will likely head to the 3180 support-turned-resistance next. On the downside, we still see 3070 as the immediate resistance-turned-support, with the next base lying at the 3000 key psychological support. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.