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.
STI Day Performance
Open3266.70
High3279.37
Low3265.78
Close3278.57
Change(Points)17.030
% Change0.52%
Volume1745.5M
Rise216
Fall160
Unch717
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.
STI LEVELS
Support 13255
Support 23245
Support 33230
Resistance 13289
Resistance 23299
Resistance 33314
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 NameCMP%changeScrip NameCMP%change
JMH 400 USD60.771.69Golden Agri-Res0.565-0.88
CapitaMall Trust1.991.53CapitaLand3.2-0.31
JSH 500 USD37.021.48Jardine C&C43.850.02
Noble1.381.47SIA10.360.1
SPH4.210.96SGX6.920.14

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
Open1888.74
High1889.97
Low1882.25
Close1889.97
Change(Points)0.420
% Change0.02%
Volume1420.8M
Rise387
Fall414
Unch1410
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.
KLCI LEVELS
Support 11872
Support 21862
Support 31847
Resistance 11899
Resistance 21909
Resistance 31924
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.
Top Gainers Top Losers
Scrip NameCMP%changeScrip NameCMP%change
PPB15.081.89KLCC6.39-0.93
PETDAG24.61.82IHH4.35-0.69
SKPETRO4.411.15PBBANK19.9-0.6
GENTING10.11.1ASTRO3.55-0.56
GENM4.20.48HLBANK13.86-0.29
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