Daily Markets Briefing: STI down 0.3%

Don't expect gains today.

According to OCBC, overnight Wall Street weakness is likely to continue weighing on local sentiment this morning, potentially extending yesterday’s 0.3% fall.

Here's more from OCBC:

We note that the index has lost nearly 3% since peaking at 3549 on 16 Apr; it is also near several key supports.

The first being 3446 (50-DMA) and then 3443 (lower boundary of uptrend channel since mid Oct last year), where a convincing breach of both could send the index back towards 3430 (61.8% retracement of 3356-3549 rally) or even 3404 (100-DMA).

However, the daily technical indicators continue to look pretty negative, with both the RSI and MACD still declining at a fairly decent clip.

Hence in the event of a technical rebound, selling into strength could be a better option for now. Near-term caps are likely at 3478 (30-DMA) and 3500.

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