Singapore Stock Exchange
SIngapore & Malaysia Stock Market Technical Review
Alex Gray
Publish date: Mon, 16 Jun 2014, 08:45 PM
Alex Gray
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Market Review for STI:
STI opened flat today with STI down 0.66 points to 3292.590.The counters are not performing so well, the movement is in uptrend and the prices are performing above the 20 days EMA i.e., 3283.924 and 50 day EMA is at3250.931. The prices moved in a range bound movement of 3289-3297 for the day. STI closed at 3290.26 and the low was marked at 3288.81.
STI opened flat today with STI down 0.66 points to 3292.590.The counters are not performing so well, the movement is in uptrend and the prices are performing above the 20 days EMA i.e., 3283.924 and 50 day EMA is at3250.931. The prices moved in a range bound movement of 3289-3297 for the day. STI closed at 3290.26 and the low was marked at 3288.81.
| STI Day Performance | |
| Open | 3292.59 |
| High | 3297.62 |
| Low | 3288.81 |
| Close | 3290.26 |
| Change(Points) | -2.990 |
| % Change | -0.09% |
| Volume | 1531.1M |
| Rise | 168 |
| Fall | 240 |
| Unch | 682 |
STI formed inverted hammer pattern for the day which is a trend reversal pattern. Though major trend is uptrend and from the last few days the movement is seen in a consolidation phase. We may expect the movement in lower side after it breaks the level of 3280.
Technical indicators:
RSI is above the centre line @55.927, and the consumer confidence index {CCI} is @42.299.
| STI LEVELS | |
| Support 1 | 3280 |
| Support 2 | 3270 |
| Support 3 | 3260 |
| Resistance 1 | 3299 |
| Resistance 2 | 3310 |
| Resistance 3 | 3320 |
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| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| ComfortDelGro | 2.48 | 1.22 | Noble | 1.395 | -3.46 |
| JSH 500 USD | 36.59 | 1.11 | CapitaLand | 3.17 | -1.86 |
| SPH | 4.24 | 0.95 | Jardine C&C | 44.6 | -1.33 |
| JMH 400 USD | 61.59 | 0.62 | HongkongLand USD | 6.73 | -1.32 |
| SIA | 10.47 | 0.58 | CapitaMall Trust | 1.97 | -0.76 |
Market Review for KLCI:
KLCI opened 1.22 points down to 1875.520.It opened at 1875.52 and formed a red candle for the day. The minor trend from the last five days is down and before that it was in a consolidation phase and before that it was in uptrend. It made a low of 1871.28 and closed at 1871.58 for the day. The market was down through the day. On an average the market is ranging between 20 and 50 days EMA.
KLCI opened 1.22 points down to 1875.520.It opened at 1875.52 and formed a red candle for the day. The minor trend from the last five days is down and before that it was in a consolidation phase and before that it was in uptrend. It made a low of 1871.28 and closed at 1871.58 for the day. The market was down through the day. On an average the market is ranging between 20 and 50 days EMA.
| KLCI Day Performance | |
| Open | 1875.52 |
| High | 1875.90 |
| Low | 1871.28 |
| Close | 1871.58 |
| Change(Points) | -5.160 |
| % Change | -0.27% |
| Volume | 1359.7M |
| Rise | 384 |
| Fall | 402 |
| Unch | 1419 |
The major trend of KLCI is uptrend but the minor is down and we may expect that it will move in a trend. It may range between 1860-1880.The support is found at 1870.
| KLCI LEVELS | |
| Support 1 | 1865 |
| Support 2 | 1860 |
| Support 3 | 1850 |
| Resistance 1 | 1876 |
| Resistance 2 | 1881 |
| Resistance 3 | 1890 |
Technical indicators:
RSI is marked at 51.223, CCI is at 20.535. The 20 days EMA is marked at 1871.205 and 50 days EMA is marked at 1864.200.
RSI is marked at 51.223, CCI is at 20.535. The 20 days EMA is marked at 1871.205 and 50 days EMA is marked at 1864.200.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| BAT | 65.96 | 1.48 | YTL | 1.63 | -1.81 |
| IHH | 4.28 | 0.47 | SKPETRO | 4.21 | -1.64 |
| MAYBANK | 9.82 | 0.2 | GENTING | 10.06 | -1.37 |
| MISC | 6.26 | 0.16 | PPB | 15.1 | -1.31 |
| TM | 6.21 | 0.16 | IOICORP | 5.15 | -1.15 |
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