Singapore Stock Exchange

Singapore Market SGX Weekly Updates

Alex Gray
Publish date: Fri, 04 Jul 2014, 08:21 PM
Alex Gray
0 413
It is the high time to make the most of your surplus money. We offers free real time tips and recommendations for Stock Market, Forex, Commodity, Live Stock Market Data and more. invest with our tips and enjoy bigger profits on your small investment.
simply leave a contact no and email address or take a free trial now.
Weekly wrap of STI:
Asian stocks rose, with the regional index extending gains from a six-year high, after reports showing manufacturing expansion in the world's two biggest economies sent U.S. equity gauges to records. DBS defended its top spot as the most valuable brand in Singapore this year; it has extended its lead over Singapore Airlines. STI was in uptrend this week opened at 3260.950 and the close was observed at 3272.250. Prices are trading above 20 & 50 days EMA.

STI Weekly Wrap
Open3260.950
High3289.770
Low3234.060
Close3272.250
Change(Points)1.2
% Change+3.668%
Market forecast for STI Week:
With the rise in Asian stocks, we may expect a moment will be in uptrend. STI formed a green candle for the week and can move up to its resistance level of 3292.45 and also can break it.
STI Weekly Technical View
Support 1Support 2Support 3Resistance 1Resistance 2Resistance 3
326032443230328532923310
Technical indicators:
RSI is above the centre line @59.192, CCI is above the centre line @53.411 .The 20 days EMA is at 3230.716 and 50 days EMA is at 3193.009.MACD is observed at 4.603.
Macroeconomic factors:
  • Report released by Monetary Authority of Singapore (MAS): Bank lending in Singapore in May grew much faster clip as compared with the last month. As the Strong demand for Business Loans of SG$ 598 billion in May, made the bank lending up by 1.1% whereas in April increase of 0.6% was marked.
  • Securities market turnover for SGX Chinese-listed companies was also up 18 per cent year-on-year to S$1.5 billion in June, an increase of 35 per cent from the previous month, SGX stated.
  • SGX's latest market statistics released showed that total value of securities traded fell 12 per cent to S$20.5 billion in June from a month earlier. The decline is at a steeper 37 per cent compared to the same period last year.
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment