Daily Markets Briefing: STI down 0.02%

Expect modest gains today.

According to OCBC, the overnight recovery on Wall Street could provide a modest boost to the local bourse today, but given the lack of strong catalyst, the STI is still likely to remain largely range-bound for now.

Here’s more from OCBC:

As before, we expect the STI to hold around 2770 to 2800 in the near term, and probably even 2740 to 2820, as more investors head out for their Jun holidays.

Overall volume fell 26% to 1.6b units traded yesterday, while average value/unit tumbled 36% to S$0.69; but this is not surprising, as Monday’s session was probably boosted by the futures roll-over effect.

However, overall market breadth continues to remain somewhat negative—losers outpaced gainers 1.7 to 1 even though the STI ended flat yesterday.

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