Market Review:
Singapore shares continue the down trend and traded below 3000 mark and closed well below this level.

Market forecast:

• STI opened with gap down @ and crossed its major support level and took support multiple support zone of 2989-2985 mark and closed near to day low with loss of 1.20%.
• STI crossed its 3000 mark and traded below this level whole day and closed @ 2990 mark just near to day low, for this bearish move STI made a candlestick pattern called long black line; this is a single and highly bearish candle.
• As STI crossed its 3020 mark so we expect more down side movement in STI and it can touch 2950-2920.

 

STRAITS TIME LEVELS		STI Day Performance
Support 1	2970	Open	3011.41
Support 2	2950	High	3015.16
Support 3	2930	Low	2989.00
Resistance 1	3015	Close	2990.95
Resistance 2	3035	Change(Points)	-36.27
Resistance 3	3055	% Change	-1.20
		Volume	1488.1M
		Rise	126
		Fall	245
		Unch	415

Support:
STI having immediate support @ 2970 level and below this level it can take support @2950-2930 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3015 and above this level it may take resistance @ 3035-3055.
Technical indicators:
Technical indicators MACD, RSI and CCI are turning.

Important Factor for today:
China's official non-manufacturing Purchasing Managers' Index (PMI) fell to 53.4 in January from December's 54.6, putting further strains on the market, as pressures from the massive sell-off in emerging markets show little sign of abating.

Top 5 Gainers			Top 5 Losers
Scrip Name	CMP	%change	Scrip Name	CMP	%change
DBS	16.54	0.42	JSH 500US$	31.32	-3.63
ComfortDelGro	1.94	0.26	Genting SP	1.34	-2.9
Capitaland	2.76	0	HKLand US$	5.86	-2.66
Noble Grp	0.95	0	CapMallsAsia	1.715	-2.56
Wilmar	3.11	-0.32	JMH 400US$	52.35	-2.3

Important factor to watch this week 3rd to 7th Feb 2014:
S'pore Jan PMI
S'pore Jan foreign reserves
US Jan employment situation
 Corporate Action & Result Calendar as on 4th Feb 2014

Company Name	Type	Expiry Date	Record Date	Date Paid/Payable	Particulars
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0093 TAX EXEMPT
CDL HOSPITALITY TRUSTS	DIVIDEND	04 Feb 2014	06 Feb 2014	28 Feb 2014	010713 - 311213 SGD 0.0463 LESS TAX
FRASER AND NEAVE, LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.12 ONE-TIER TAX
FRASERS CENTREPOINT LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.0173 ONE-TIER TAX
STI ETF	DIVIDEND	04 Feb 2014	06 Feb 2014	20 Feb 2014	SGD 0.043 ONE-TIER TAX
TRIYARDS HOLDINGS LIMITED	DIVIDEND	04 Feb 2014	06 Feb 2014	18 Feb 2014	SGD 0.02 ONE-TIER TAX