Daily Markets Briefing: STI up 0.21%

Expect muted gains today.

According to OCBC, while the STI staged a rebound yesterday as expected, continued weakness on Wall Street overnight is likely to keep overall sentiment fairly cautious, and hence limit near-term upside.

Here’s more from OCBC:

As before, we believe that investors are more likely to be looking to sell into strength, especially ahead of the increased uncertainty ahead of the Brexit vote next week.

For now, we peg the key hurdle at 2800, ahead of a minor one at 2820; on the downside, we would be keeping a close watch on the key 100-DMA support (currently hovering around 2766) as a convincing breach could send the index sliding back towards 2700.

While overall volume improved 19% on 1.85b units traded, total value slipped 6% to S$814.4m, and average value/unit also tumbled 21% to S$0.44, with losers having a slight lead over the gainers.

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