Singapore Stock Exchange
Stock Market Daily Analysis SGX & KLCI
Alex Gray
Publish date: Thu, 26 Jun 2014, 08:49 PM
Alex Gray
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Market Review for STI:
Share prices opened higher today with STI 5.16 up points to 3266.70. Prices closed at the level of 3265.78 which covered half of the previous upper shadow. Asian stocks rose as investors watch for US recovery.
Share prices opened higher today with STI 5.16 up points to 3266.70. Prices closed at the level of 3265.78 which covered half of the previous upper shadow. Asian stocks rose as investors watch for US recovery.
| STI Day Performance | |
| Open | 3266.70 |
| High | 3279.37 |
| Low | 3265.78 |
| Close | 3278.57 |
| Change(Points) | 17.030 |
| % Change | 0.52% |
| Volume | 1745.5M |
| Rise | 216 |
| Fall | 160 |
| Unch | 717 |
Market forecast for STI:
A long green candle is formed for the day followed by an inverted umbrella. Last six trading session candles formed a small rounded bottom pattern. For the next movement, it is expected that prices may go up.
Technical indicators:
RSI stood below the centre line at 52.858 with its CCI at-48.534. Difference line of MACD performed at 0.063 which lied below its signal line which performed at 4.158.
A long green candle is formed for the day followed by an inverted umbrella. Last six trading session candles formed a small rounded bottom pattern. For the next movement, it is expected that prices may go up.
Technical indicators:
RSI stood below the centre line at 52.858 with its CCI at-48.534. Difference line of MACD performed at 0.063 which lied below its signal line which performed at 4.158.
| STI LEVELS | |
| Support 1 | 3255 |
| Support 2 | 3245 |
| Support 3 | 3230 |
| Resistance 1 | 3289 |
| Resistance 2 | 3299 |
| Resistance 3 | 3314 |
Important Factor for today:-
- Singapore launches three residential sites for sale in June 2014 under H1 Government Land Sales Programme by the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB).
- Ascendas Real Estate Investment Trust sees net income yield of 6.98% from purchasing of Hyflux Innovation Centre for S$170 million in the first year.
- GSH Corporation will undergo a sell and purchase agreement with Keppel Land and its fund management partners to buy Equity Plaza for S$550 million.
- Wilmar International has closed the deal to buy Huntsman Corporation's European commodity surfactants business.
- Hyflux international has signed a MOU with Banco Interacciones to collaboration water projects in Mexico.
- Air India became a member of Star Alliance, benefits and privileges could be seen from July 11 onwards.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| JMH 400 USD | 60.77 | 1.69 | Golden Agri-Res | 0.565 | -0.88 |
| CapitaMall Trust | 1.99 | 1.53 | CapitaLand | 3.2 | -0.31 |
| JSH 500 USD | 37.02 | 1.48 | Jardine C&C | 43.85 | 0.02 |
| Noble | 1.38 | 1.47 | SIA | 10.36 | 0.1 |
| SPH | 4.21 | 0.96 | SGX | 6.92 | 0.14 |
Market Review for KLCI:
Malaysian share prices opened at mixed note near to previous close with KLCI down 0.81 points to 1888.74. Manufacture sector could support the momentum of Malaysia's business environment in the 2H 2014.
| KLCI Day Performance | |
| Open | 1888.74 |
| High | 1889.97 |
| Low | 1882.25 |
| Close | 1889.97 |
| Change(Points) | 0.420 |
| % Change | 0.02% |
| Volume | 1420.8M |
| Rise | 387 |
| Fall | 414 |
| Unch | 1410 |
Market forecast for KLCI:
Share prices opened at 1889.740 and closed at 1889.970 by making a low of 1882.250. A green body is formed having a long lower shadow which made a hanging man pattern in long uptrend, signalling a bearish reversal. It is expected that market may fall down.
Share prices opened at 1889.740 and closed at 1889.970 by making a low of 1882.250. A green body is formed having a long lower shadow which made a hanging man pattern in long uptrend, signalling a bearish reversal. It is expected that market may fall down.
| KLCI LEVELS | |
| Support 1 | 1872 |
| Support 2 | 1862 |
| Support 3 | 1847 |
| Resistance 1 | 1899 |
| Resistance 2 | 1909 |
| Resistance 3 | 1924 |
Technical indicators:
RSI stood below the centre line at 61.968 with its CCI at 128.86. Difference line of MACD performed at 5.514 which lied above its signal line which performed at 3.978.
RSI stood below the centre line at 61.968 with its CCI at 128.86. Difference line of MACD performed at 5.514 which lied above its signal line which performed at 3.978.
| Top Gainers | Top Losers | ||||
| Scrip Name | CMP | %change | Scrip Name | CMP | %change |
| PPB | 15.08 | 1.89 | KLCC | 6.39 | -0.93 |
| PETDAG | 24.6 | 1.82 | IHH | 4.35 | -0.69 |
| SKPETRO | 4.41 | 1.15 | PBBANK | 19.9 | -0.6 |
| GENTING | 10.1 | 1.1 | ASTRO | 3.55 | -0.56 |
| GENM | 4.2 | 0.48 | HLBANK | 13.86 | -0.29 |
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