, Singapore

Daily Markets Briefing: STI down 0.6%

Expect a rebound today.

According to OCBC, the rebound on Wall Street overnight should provide some relief to the local bourse today, especially after yesterday’s 0.6% correction.

Here's more from OCBC:

Still, the daily technical indicators seem to be just drifting sideways, suggesting that the index could continue to drift within pretty well established ranges - between 2770 and 2740 in the near-term, and between 2800 and 2700 over the medium-term; this as the market winds down ahead of the Jun holidays.

Overall market volume has slipped another 5% to 1.6b units traded yesterday, and while average value/unit rose 15% to S$0.47, the penny plays continue to hog the centre stage.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.