STI closes 0.3% lower

Significant improvements are said to be unlikely.

OCBC Investment Research said:

The muted reactions on Wall Street overnight and the poor Nikkei start (down 0.4% now) could continue to weigh on local sentiments this morning.

As a recap, the STI continued to display signs of weaknesses with a 0.3% lower close yesterday.

And with today’s tone unlikely to see any significant improvements, we could see the index drifting towards the 3020 base, ahead of the next support at the 3000 psychological level.

On the upside, the immediate obstacle is still pegged at the 3065 support-turned-resistance, with the subsequent obstacle pegged at the 3100 psychological resistance.

IG Markets Singapore meanwhile noted:

Singapore wakes up to more downbeat economic data, this time PMI manufacturing data which shows a fourth monthly decline in a row.

Factory output fell 0.4 points to 48.3 as the global slowdown takes another bite out of the local economy.

Today the futures market points to a firmer open for the STI this morning.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

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