Daily Markets Briefing: STI down 1.2%

Expect muted gains today.

According to OCBC, the muted close on Wall Street ahead of the long weekend could continue to keep local sentiment pretty cautious this morning, especially with HK still shut for holiday.

Here's more from OCBC:

As before, the technical charts suggest that the STI may have recently peaked around the key 2900 hurdle and we could see more near-term downside risk should profit-taking continues; this bringing the index back towards 2800.

We note that the near-term fundamental outlook also appears to be quite muted, with Feb’s manufacturing output shrinking by a larger-than-expected 4.7% YoY.

However, potential window dressing may emerge towards the month end, with focus on key index components like Singtel, KepCorp, and the banks.
Key hurdle remains at 2900, ahead of 2918 (38.2% retracement of plunge from 3549 to 2528).

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