Daily Markets Briefing: STI down 0.1%

Analyst predicts index to open stronger.

OCBC Investment Research said:

The rally by the US market to another new high last Friday night is likely to inspire the local bourse to a positive start this morning.

As such, the STI (which closed just 0.1% lower last Friday) is likely to open stronger today on heightened optimism.

However, any further gains after the positive opening could be limited as the index has already started to show signs of exhaustion over the past few sessions.

For now, the immediate resistance is still marked at the 3485 peak, followed by the 3500 psychological hurdle.

On the downside, we still see the immediate support at the 3425 recent trough, with the subsequent base pegged at the 3405 key resistance-turned-support.

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