, Singapore

Daily Markets Briefing: STI ended flat

Everybody's busy watching World Cup.

According to OCBC, the mild rebound on Wall Street last Friday night is likely to keep the local bourse relatively buoyant this morning.

Here's more from OCBC:

Meanwhile, the STI ended flat last Friday with average trading value falling significantly; this as more traders took to the sideline with the start of the World Cup Tournament.

And with today’s tone unlikely to see any significant changes, we could see the index drifting sideways, with the immediate support and resistance pegged at the 3280 and 3310 levels respectively.

Beyond that, the next base lies at the 3220 key trough. On the upside, the subsequent hurdle is marked at the 3360-3370 key gap zone.

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

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.