Daily Markets Briefing: STI down 0.6%

Expect more losses today.

According to OCBC, renewed weakness on Wall Street overnight could weigh further on the already fragile local sentiment, sending the STI lower towards the key 3000 psychological support.

Here's more from OCBC:

Although the daily RSI already shows the market as oversold, the MACD continues to look very negative; this is not helped by the recent spate of dismal economic numbers out of Singapore.

Hence we could continue to see investors using any technical rebound to unwind stale longs, especially if the index fails to retake the 3100 level.

Note that the STI has already fallen below the immediate 3053 support, which will now turn into a resistance.

Below 3000, we peg the next support at 2953; but 2800 is a distinct possibility in the medium-term if the market continues to slide.

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