Market Review:
Singapore shares opened higher today, STI up by 11.86 points to 3116.30. Further the market changed and ended lower at 3103.62 slipping at 2.22 points down. Some 2.12 Billion shares were traded.

Market forecast:

• STI closed slightly lower today , however it closed above 3100 @ 3103.62. STI made day high above its 3113 level @ 3121.29.
• STI trading higher side and made long candle as its made day high above major resistance, this candle formed with good movement in index, this black long line signifies bears are rule bulls today and this is the major reason behind this bearish candle formation.
• STI trading well above its 50 day EMA level and below 200 day EMA level and now its next resistance comes @ 3135-3145 level and we can see this level soon whenever STI will maintain above 3090 level.

Support level:
STI having immediate support @ 3090 level and below this level it can take support @3075-3060 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3115 and above this level it may take resistance @ 3130-3145

Technical indicators:
Technical indicators MACD trading above its bullish crossover in Daily chart , RSI crossed its centreline zone and trading @ 60.075 and CCI @ 125.76.
Important Factor for today:-

• PanUnited Corporation on Tuesday posted a 37 per cent rise in net profit attributable to equity holders to S$11.98 million for the fourth quarter ended December 31, 2013, up from S$8.75 million a year ago.
• Vard Holdings on Tuesday reported a net profit attributable to equity holders of NOK113 million (S$23.6 million) for its fourth quarter ended Dec 31, 2013. This was more than four times its earnings a year ago.
• Jaya holding updated on Tuesday that it would be selling its subsidiaries to Mermaid Marine an Australia based company for S$625Million
• A financing agreement has been signed between the united overseas bank and Singapore Comp, Asiatech Energy to build a combined cycle gas fired power plant in Myanmar
• Singapore is further expanding its LNG terminal with an additional fourth tank which will boost its regasification and storage capacity to at least 9 million tonnes per annum by 2017 – up from 6 million tpa currently.

Top 5 Gainers

Top 5 Losers

Corporate Action & Result Calendar as on 26^th Feb 2014