Daily Markets Briefing: STI down 0.21%

Brace for a pullback today.

According to OCBC, although Wall Street rebounded from early losses to end with modest gains overnight, the sharp retreat in Europe could impart further caution to the local bourse today.

Here’s more from OCBC:

After the mid-week break yesterday, investors are also likely to adopt a wait-and-see attitude, ahead of the US non-farm payroll data due Friday night; but many believe the likelihood of a US rate hike this year is dim.

Interestingly, while overall market volume jumped 28% with 2.41b units traded, total value only edged up 3% to S$1.0b; this as average value/unit slipped further to just S$0.41, down 19%, with penny stocks firmly back in the spotlight.

As before, we peg the initial support at 2850, ahead of the key 2800 psychological level; on the upside, we see the initial hurdle at 2885, ahead of the 2900 psychological barrier.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options 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. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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