Daily Markets Briefing: STI down 0.52%

Expect muted gains today.

According to OCBC, further slide on Wall Street overnight is expected to continue to weigh on local sentiment; the Nikkei is down 1.1% in early trade.

As before, we still see the STI making a gradual slide towards the initial 2850 support; breaking which, it could retreat further to 2800 before any good bargain hunting interest would emerge, OCBC said.

Here’s more from OCBC:

We again note that the overall volume has fallen back below 1b units traded yesterday; this mainly due to the Dec holiday effect, as well as lack of corporate developments/activities.

With crude prices continuing to new lows, local O&G stocks are likely to remain under pressure; although we note that some of them are already showing quite heavily oversold signals.

On the upside, we peg the initial resistance at 2900, ahead of 2931.

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