Singapore Stock Exchange
Daily Analysis Report for STI &KLCI
Alex Gray
Publish date: Mon, 23 Jun 2014, 08:33 PM
Alex Gray
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Market Review for STI:
Consumer price inflation in Singapore picked up a little more than expected to 2.7% in May as Asian stocks supported demand and opened higher. This put an effect on SGX scrip prices which opened higher with STI up 3.37 points to 3262.17 making a high at 3265.08 with low of 3254.26. A 3257.40 level is marked as today's low.
Consumer price inflation in Singapore picked up a little more than expected to 2.7% in May as Asian stocks supported demand and opened higher. This put an effect on SGX scrip prices which opened higher with STI up 3.37 points to 3262.17 making a high at 3265.08 with low of 3254.26. A 3257.40 level is marked as today's low.
| STI Day Performance | |
| Open | 3262.17 |
| High | 3265.08 |
| Low | 3254.26 |
| Close | 3257.40 |
| Change(Points) | -1.400 |
| % Change | -0.04% |
| Volume | 18337.4M |
| Rise | 747 |
| Fall | 175 |
| Unch | 238 |
Market forecast for STI:
Market is continuously moving down by forming rounding top pattern having red candlesticks and today it stood at 3257.40 levels, which acted as a major support for the prices. If this level is broken then prices will fall down to the level of 3180.
Technical indicators:
RSI stood below the centre line at 42.296 with its CCI at-170.43. Difference line of MACD performed at 1.804 which lied below its signal line which performed at 8.114.
Market is continuously moving down by forming rounding top pattern having red candlesticks and today it stood at 3257.40 levels, which acted as a major support for the prices. If this level is broken then prices will fall down to the level of 3180.
Technical indicators:
RSI stood below the centre line at 42.296 with its CCI at-170.43. Difference line of MACD performed at 1.804 which lied below its signal line which performed at 8.114.
| STI LEVELS | |
| Support 1 | 3244 |
| Support 2 | 3234 |
| Support 3 | 3219 |
| Resistance 1 | 3275 |
| Resistance 2 | 3285 |
| Resistance 3 | 3300 |
Important Factor for today:-
- Oil prices edged higher on escalating violence in Iraq, WTI gained 31 cents to US$107.14.
- Singapore's Real Estate group Frasers centre point Ltd (FCL) stated to raise S$365 million (US$292 million) by listing its real estate investment trust in Singapore.
- Singapore's agency for Science, Technology and Research (ASTAR) and New Zealand's Ministry of Business, Innovation and Employment (MBIE) reported to jointly invest S$3.8 million for two years to boost food and nutrition research.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| Olam Intl | 2.45 | 3.81 | JMH 400 USD | 60.18 | -1.34 |
| HongkongLand USD | 6.65 | 0.76 | CityDev | 10.24 | -1.06 |
| Sembcorp Marine | 4.05 | 0.5 | Golden Agri-Res | 0.56 | -0.89 |
| SPH | 4.2 | 0.48 | Sembcorp Ind | 5.38 | -0.74 |
| Ascendas Reit | 2.29 | 0.44 | StarHub | 4.23 | -0.7 |
Market Review for KLCI:
Malaysian economy is doing well as current debt service ratio continues to be moderate and sustainable at 10.7% and it is also heading into a safe zone. Ringgit also supported on an improved demand. On that account, Malaysian shares opened lower with FBMKLCI 0.98 points to 1884.74. Market didn't go much high but it made a low of 1881.82 level and closed at 1883.96.
Malaysian economy is doing well as current debt service ratio continues to be moderate and sustainable at 10.7% and it is also heading into a safe zone. Ringgit also supported on an improved demand. On that account, Malaysian shares opened lower with FBMKLCI 0.98 points to 1884.74. Market didn't go much high but it made a low of 1881.82 level and closed at 1883.96.
| KLCI Day Performance | |
| Open | 1884.74 |
| High | 1885.33 |
| Low | 1881.82 |
| Close | 1883.96 |
| Change(Points) | -1.760 |
| % Change | -0.09% |
| Volume | 1769.8M |
| Rise | 373 |
| Fall | 430 |
| Unch | 1404 |
Market forecast for KLCI:
Share prices movement formed a rounded bottom pattern for the last week and today's candlestick formed a hammer pattern in red market which shows a bearish reversal for the further movement.
Share prices movement formed a rounded bottom pattern for the last week and today's candlestick formed a hammer pattern in red market which shows a bearish reversal for the further movement.
| KLCI LEVELS | |
| Support 1 | 1871 |
| Support 2 | 1861 |
| Support 3 | 1846 |
| Resistance 1 | 1895 |
| Resistance 2 | 1905 |
| Resistance 3 | 1920 |
RSI stood below the centre line at 59.335 with its CCI at 160.83. Difference line of MACD performed at 3.848 which lied above its signal line which performed at 2.802.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| ASTRO | 3.48 | 2.96 | YTL | 1.55 | -1.9 |
| IOICORP | 5.24 | 1.16 | FGV | 4.35 | -1.81 |
| HLFG | 15.94 | 0.89 | MISC | 6.44 | -1.38 |
| RHBCAP | 8.51 | 0.83 | SKPETRO | 4.42 | -1.12 |
| TM | 6.29 | 0.8 | GENM | 4.24 | -0.94 |
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