Investment Tips

STI & KLCI Technical Analysis Overview

krissparkar
Publish date: Thu, 05 Jun 2014, 07:24 PM
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Market Review for STI:
The market opened lower @3278.08 and the high was marked @3282.86, the high was observed @3282.86 and the low of the day was at 3272.23.

STI

STI Day Performance
Open 3278.08
High 3282.86
Low 3272.23
Close 3279.64
Change(Points) -0.53
% Change -0.02
Volume 2007.8M
Rise 235
Fall 161
Unch 385

Market forecast for STI:
STI formed a green candle for the day and the index closed lower than the previous day close .The index is in uptrend but still the minor movements may be in downtrend. It is expected to move in a downtrend 3260-3280.
Technical indicators:
RSI is above the centre line @55.37, where CCI @31.29
Important Factor for today:-

  • CAPITALAND hold more than 90% of the issued shares of CapitaMalls Asia .CMA shares will not be traded anymore on stock exchange .The application has been submitted by CapitaLand for the delisting of CMA.
  • SGX seeks a proposal to ease a secondary listing for the companies to make it easier. It will no longer impose additional continuing listing obligations.
  • There has been no material development in STATS ChipPAC since May 16, its announcement date. The interest is shown by the other parties to acquire all the shares in the company.
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
Olam Intl 2.33 1.75 CapitaMall Trust 1.99 -2.45
ComfortDelGro 2.42 0.83 HongkongLand USD 6.83 -2.43
SIA Engineering 5.01 0.81 JMH 400 USD 59.88 -2.41
HPH Trust USD 0.74 0.68 JSH 500 USD 35.6 -1.77
OCBC Bank 9.75 0.52 Golden Agri-Res 0.56 -1.75
MARKET REVIEW FOR KLCI

The share prices opened higher, index up 3.96 points and opened @1869.98. Yesterday the shares ended lower, index slipped 7.35 points. Today's close price is 1869 and the low is marked @1863.11.

Image

KLCI Day Performance
Open 1869.98
High 1870.6
Low 1863.11
Close 1869
Change(Points) +3.800
% Change +0.20
Volume 1494.2M
Rise 380
Fall 361
Unch 875

Market forecast for KLCI:
The KLCI is performing average and is moving in a price range of 1860-1880 .It is expected that it will be in a same range.
Technical indicators:
RSI is just below the centre line@50.75 where the CCI is performing at -53.96.

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
MISC 6.1 1.5 GENTING 9.83 -1.7
ASTRO 3.46 0.29 IOICORP 5.11 -1.54
PETGAS 24.06 0.25 YTL 1.61 -1.23
KLK 24.24 0.17 TENAGA 11.98 -1.16
RHBCAP 8.38 -0.12 IOIPG 2.5 -0.79

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