Daily Markets Briefing: STI down 0.82%

Expect modest gains today.

According to OCBC, the rebound on Wall Street overnight should provide the local bourse with a brief respite; but with the weekend looming, as well as heightened uncertainty ahead of the Brexit vote, upside could be fairly limited.

Here’s more from OCBC:

Nevertheless, the STI should recoup some of yesterday’s 0.8% tumble and also make an assault on the key 100-DMA support-turned-resistance (now hovering around 2768).

As before, continued failure to convincingly sustain above this level could send the STI sliding back towards 2700 in the near term. Above 2768, we continue to peg the key hurdle at 2800.

Although overall volume tumbled 33%, with just 1.24b units traded, total value jumped 25% to S$1.06b; this after the average value/unit jumped 86% to S$0.82, as blue chips came under profit-taking pressure.

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