Daily Markets Briefing: STI down 1.11%

Brace for a pullback today.

According to OCBC, fresh weakness on Wall Street overnight could send more local investors heading for the exit, especially ahead of the key US jobs report due tonight; the Nikkei is already down 1.1% in early trade.

Here’s more from OCBC:

Even though the STI ended 1.1% lower yesterday, the continued failure to regain the initial 2850 level could send the index back towards 2800, breaking which, the next support is likely found at 2770 (23.6% retracement of the plunge from 3549 to 2528).

Meanwhile, there was also a 44% surge in volume traded; but average value/unit dropped back to S$0.53 from S$0.69 the previous session; not surprising as traders took profit on the recent penny plays.

Above 2850, we peg the key hurdle at 2900.

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