Daily Markets Briefing: STI up 2.5%

Expect limited gains today.

According to OCBC, although continued gains on Wall Street overnight could give a further lift to the local bourse this morning, we do expect profit-taking to cap gains, especially after yesterday’s strong 2.5% rebound.

Here's more from OCBC:

Besides the usual weekend factor, we suspect the inability of the STI to regain the key 3000 level would be another reason for investors to take profit and clear out some stale longs.

On the downside, we continue to peg the immediate support around 2900, ahead of the next one at 2860; but unless the macro picture improves, the longer term trend suggests that the index is still poised to ease further towards 2800.

Likely thematic ideas today could include oversold Oil & Gas sector (crude price jump) and the Commodities sector (Olam-Mitsubishi deal).

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