, Singapore

Daily Markets Briefing: STI down 0.8%

Expect more losses today.

According to OCBC, the mixed and muted reactions by the US indices overnight are unlikely to have much impact on the local bourse this morning.

Here's more from OCBC:

Meanwhile, the STI continued to slide lower with a 0.8% loss yesterday; this after breaching its 1.5-year key uptrend support two sessions back.

We expect the index to start forming a near term base as it approaches the 3280 immediate support today. A technical rebound from this support could potentially send the index back towards the 3350 immediate support-turned-resistance.

Above that, the next obstacle lies at the 3390 minor support-turned-resistance. On the downside, we see the next base at the 3200 key trough.
 

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.

Top News

Singapore targets $645m fund for SEA climate projects
The programme will also feature a data platform and a market development facility.
iWOW swings to $700,000 loss in H1 2027
Datacomm revenue fell 41%, whilst wireless engineering declined 35%.