STI gains from Wall Street rally seen to continue

Kim Eng forecasts the index to test the 3,180 resistance level today after it closed above its key moving averages yesterday.

The STI closed at 3,165.80, recording a +40.43 gain the previous day on the back of positive figures from the US index.

Dow Jones +1.52% to its highest level since June 2008, S&P500 +1.35%, and Nasdaq +2.10%. Advancers included Intel and Yahoo! Inc who beat earnings estimates, while commodity stocks also gained as gold and silver hit record levels.

Gold breached the US$1,500 mark to arrive -0.20% to US$1,501.57 while silver also crossed US$45 an ounce amid the weakening USD and inflation fears.

Kim Eng predicts a high of 3, 189 and a low of 3, 138 for today's trading.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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