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SGX Singapore Stock Market News

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Publish date: Wed, 29 Feb 2012, 08:34 PM
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SGX Stock Market Review
The stock market inched higher in opening trade on Wednesday after a sharp drop in oil prices and buoyant US consumer confidence data helped to boost US shares overnight.

Singapore key index STI opens @ 2980.58 and after that it comes down and took support @ 2978.55 and then it goes to higher side and made a high of 2999.16 and finally closed @ 2994.06 with gain of 24.33 up by
0.82% wow basis.

A total of 1.81 billion shares valued at $1.9 billion were traded where gainers outnumbered losers 205 to 197.

SGX Stock Market Tomorrow
Today STI giving a good movement, yesterday it took support @ 2945 levels and then it moves upwards and today also it follows yesterday's trend and made a high of 2999.16.

STI opens high and trades on higher side and as it opens with gap. STI forming a Bullish Candlestick Pattern called White Opening Marubozu is a single candlestick pattern characterized by a long white body. It has an
upper shadow but no lower shadow. This is a strong bullish candlestick pattern.

For the coming days, investors have to follow a cautious approach in markets as market was at high levels so some profit taking is possible from higher levels.

STI Support for Tomorrow
STI having nearest support @ 2975 and below this level it can take support @ 2945 levels and 2920 is the major support level.

STI Resistance for Tomorrow
STI having Resistance @ 3015 and above this level it may take resistance from 3035-3050 levels.

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