Daily Markets Briefing: STI to open soft

Index closed largely unchanged at 3291.

IG Markets Singapore said:

Singapore’s STI remain resilient closed largely unchanged at 3291, we expect the STI to open soft this morning.

Meanwhile, OCBC Investment Research noted:

The sharp retreat by the European and US markets overnight is likely to spook the local bourse to a poor opening this morning.

And with the 2-week downtrend resistance still intact and the MACD still drifting lower at the moment, this suggests that the overall momentum is still more downside biased.

For now, we still see the immediate support at 3,265 (minor trough), followed by the subsequent base at the 3,240 key resistance-turned-support.

On the upside, the immediate resistance is now pegged at the 3,300 psychological hurdle and downtrend resistance, with the next obstacle marked at the 3,315 recent peak.

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