Singapore Stock Exchange

Singapore : STI Technical Analysis Outlook 29 Sept

Alex Gray
Publish date: Mon, 29 Sep 2014, 06:37 PM
Alex Gray
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Market Review for STI:
Week started with bearishness with STI down 2.86 points to 3,289.35.Also the minor trend for the index is down. Low for the day was marked at 3282.75 and high was marked at 3293.99.

STI Day Performance
Open
3290.82
High
3293.99
Low
3282.75
Close
3289.72
Change(Points)
-2.49
% Change
-0.08%
Volume
979.0M
Rise
176
Fall
192
Unch
762
Market forecast for STI:
We may find recovery in the market if the market opening is in the range of 3290-3300.

STI LEVELS
Support 1
Support 2
Support 3 Resistance 1 Resistance 2 Resistance 3
3280 3255 3220 3312 3338 3360
Technical Indicators:
RSI is at 40.95 & CCI is at -83.71

Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
COMFORTDELGRO.SG 2.5 2.04 JSH USD.SG 34.83 -1.8
OLAM INTL.SG 2.44 1.67 JMH USD.SG 59.14 -1.37
SEMBCORP MARINE.SG 3.76 0.8 THAIBEV.SG 0.72 -1.37
GLOBAL LOGISTIC.SG 2.77 0.73 HONGKONGLAND USD.SG 6.78 -1.02
ST ENGINEERING.SG 3.7 0.54 GENTING SING.SG 1.14 -0.87
Important Factor for today:-
  • Shares of Tuan Sing Holdings soared to a multi-year high today on strong volume after the real estate developer said a Singapore property tycoon has become a substantial shareholder.
  • Business confidence in singapore for the final quarter of this year slipped further to a one-year low weighed down by sputtering global economic growth on the back of geopolitical uncertainties, according to a recent survey.
  • Offshore marine firm nam cheong has sold three vessels for us$41 million and together with the five vessels sold to indonesian-listed pt pelayaran nasional bina buana raya (bbr) for us$85 million, it brings total orders for september to us$126 million.
  • OUE gained two singapore cents or 0.93 per cent to s$2.18 over the morning session. The firm announced over the weekend that it will invest us$200 million in cayman islands-based nuvest real return fund managed by gic-backed nuvest capital.
  • Ziwo holdings said that it is planning to buy a 25 per cent stake in xisheng (quanzhou) investment co, for 160 million yuan (s$33.2 million) to play a role in china's redevelopment of industrial zones in quanzhou city in fujian province.
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