Daily Markets Briefing: STI down 0.4%

Index likely to consolidate around current levels.

IG Markets Singapore said:

In Singapore, the STI suffered from a lower-than-expected rise in ADP private sector jobs and slid 0.4% yesterday. We expect Singapore to trade off the Nikkei rally as Hong Kong and Taiwan is on holiday.

OCBC Investment Research noted:

As a recap, the STI pull backed about 0.4% yesterday as investors remain hesitant about pushing the index beyond the 3320-3330 resistance zone.

And with today’s tone likely to turn fairly neutral ahead of the weekend break, we could see the index consolidating around current levels with the immediate support pegged at the 3300 minor trough.

Below that, the next support is pegged at the 3280 minor resistance-turned-support. On the upside, the immediate resistance is now marked at the 3330 minor peak, followed by the subsequent resistance at the 3400 psychological hurdle.

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